The State Bank of Vietnam’s Region 14 branch held a mid-year review of the people’s credit fund system in its area and set supervisory priorities for the second half of 2025, focusing on safer credit growth, stronger governance and faster resolution of non-performing loans. The branch also instructed funds to continue implementing the Governor’s action plan under Decision 1638 to deliver the Prime Minister’s Directive 06 on strengthening the people’s credit fund system for 2025–2030. As of 30 June 2025, Region 14 had 49 licensed people’s credit funds with 63,592 members, total operating funds of VND 4,472bn and charter capital of VND 233bn. Deposits stood at VND 3,797bn, up VND 135bn (3.67%) from end-2024, while outstanding loans were VND 3,204bn, down VND 80bn (-2.43%), with a non-performing loan ratio of 5.53%. The review highlighted constraints including small scale and financial capacity, high NPLs at some funds, and weak compliance in staffing, credit processes, IT application and statistical reporting. Priorities for the remainder of 2025 include operating in line with cooperative principles, stepping up collections, debt sale and collateral handling, ensuring managers meet required standards through training and personnel planning, and deploying IT systems to strengthen supervision, reporting and internal governance.
State Bank of Vietnam 2025-08-01
State Bank of Vietnam’s Region 14 branch sets second-half 2025 supervisory priorities for people’s credit funds
The State Bank of Vietnam's Region 14 branch conducted a mid-year review of the people's credit fund system, setting supervisory priorities for H2 2025 focused on safer credit growth, governance, and resolving non-performing loans. As of June 2025, Region 14 had 49 licensed funds with VND 4,472bn in operating funds and a 5.53% NPL ratio. Challenges include small scale, high NPLs, and weak compliance, with priorities on cooperative principles, debt management, training, and IT system deployment.