As Governor of the State Bank of Vietnam from 2016 to 2020, he guided the banking system through a challenging restructuring period, tackled non-performing loans, strengthened market discipline and directed credit toward priority production sectors, contributing to macroeconomic stability, said Dr. Hai.
“When Le Minh Hung served as Governor of the State Bank, Vietnam needed a more transparent financial system to attract investors. I believe he performed very well in that context,” he noted.
Dr. Hai added that Mr. Hung is well-suited for the role at a time when Vietnam is entering a new phase of development. “He is well-positioned in the current context, as Vietnam pursues its two centennial goals alongside economic growth and institutional reform. In particular, he is capable of advancing the three strategic breakthroughs set out by the 13th and 14th Party Congresses, especially in infrastructure development and economic reform.”
Meanwhile, Nguyen Xuan Thanh, a senior lecturer at the Fulbright School of Public Policy and Management, said that under PM Hung’s leadership, the Government is likely to operate in a more technocratic manner, in line with Vietnam’s ambitious development goals.
He stressed the importance of maintaining macroeconomic stability while fostering new growth drivers, from innovation to productivity gains. A prime minister with a background in monetary management, he noted, could bring what the economy needs most: policy decisions grounded in scientific assessment and long-term national interests.
