State Bank of Vietnam instructs Regional Branch 13 to complete its new operating model and step up inspections of small credit institutions

The State Bank of Vietnam’s Governor held a working session with the State Bank of Vietnam Regional Branch 13 and credit institutions operating in Long An, Tien Giang, Ben Tre and Tra Vinh to review implementation of the streamlined organisational model under Decision 315/QD-NHNN and issued directions to address remaining operational issues. Regional Branch 13 reported that it has largely completed the restructuring of its organisation, staffing, professional task allocation and provincial coverage, with banking operations continuing without disruption. The Governor instructed the branch to continue resolving outstanding issues while ensuring smooth delivery of regional money and banking market management tasks, timely implementation of State Bank of Vietnam monetary and credit policies, and execution of Government and State Bank of Vietnam directives on capital supply and interest-rate reductions to support businesses. On cash operations and inspections, the Governor required Regional Branch 13 to strengthen staffing for these functions, carry out inspections of credit institutions under the new regional operating model, and increase attention on smaller entities such as People’s Credit Funds and microfinance institutions. The branch was also tasked with studying and proposing cash distribution and coordination arrangements suited to the regional branch model that ensure vault safety while meeting market cash demand and facilitating lending activity.