Vietnam Names New Central Bank Head as Policy Pressures Grow

Vietnam named the ex-head of the nation’s biggest agricultural lender to run the central bank, which is tasked with turbocharging growth despite tariffs, inflationary pressures and the war in the Middle East.

The National Assembly announced Pham Duc An, 56, will replace Nguyen Thi Hong as State Bank of Vietnam Governor, according to the government website. Hong has been governor for just over five years and will now become vice chairwoman of the assembly for the 2026-2031 parliamentary session.