The financial systems have been rapidly changed for a double of decades all over the world. Consequently, their regulatory and supervisory authorities have been continuously adjusted in order to respond to these changes. With the recent global financial and economic crisis, the important role of the financial regulators/supervisors has especially been reaffirmed and as such gone up to a new level. Vietnam, the country whose economy has been integrated into the international economy since the mid 1990s, has also been in harmony with the reforming of the financial systems worldwide. For those questions such as: Where do the Vietnam''s banking–financial system and its regulatory and supervisory authorities stand and which direction they should take? Are these empirical evidence beneficial to other transforming economies as well as emerging ones, the answers could be found the Study "Banking Supervision Moves Ahead in the New Era: A Study of the State Bank of Viet Nam". For which we are pleased to introduce here to the Readers.