State Bank of Vietnam deputy governor sets five priorities for Co-opBank’s 2025–2030 emulation and rewards programme

State Bank of Vietnam Deputy Governor Doan Thai Son delivered guidance at Vietnam Cooperative Bank (Co-opBank)’s fifth conference recognising exemplary performers, urging its emulation and rewards work to be tightly linked to core business and political tasks and to support the stability of the People’s Credit Funds (QTDND) system. Co-opBank also launched a 2025–2030 emulation campaign themed “Solidarity - Professionalism - Creativity - Development”, continuing the operating motto “Compliance - Safety - Efficiency - Sustainability”. The update highlighted Co-opBank’s 2020–2025 restructuring and non-performing loan (NPL) resolution efforts across nearly 1,200 QTDNDs, including liquidity balancing, inspection and supervision in line with State Bank of Vietnam requirements, digital banking services and training support. As of 31 December 2024, Co-opBank reported total funding of VND 61.708 trillion (up VND 18.052 trillion from 2020, a 41.35% increase) and outstanding loans of VND 36.516 trillion (up VND 10.921 trillion from 2020, a 42.67% increase), while the on-balance-sheet NPL ratio fell to 0.36% from 1.54% in 2020. Doan Thai Son set five focus areas for the next phase, covering political and ethical education and service culture, directing emulation towards key missions, implementing government and banking-sector patriotic emulation drives, developing and selecting exemplary teams and individuals for awards, and accelerating digital transformation and information technology use to ensure rewards processes are timely, accurate, transparent and compliant.