The State Bank of Vietnam (SBV) held a working session with the banking system in SBV Region 3 to take stock of operations and address practical difficulties after the regional unit began operating under the SBV’s new organisational model. The Region 3 unit consolidates the former SBV provincial branches of Sơn La, Điện Biên, Lai Châu and Hoà Bình as part of a nationwide reorganisation of 63 provincial and municipal branches into 15 regional SBV units. At the meeting, the SBV acknowledged contributions made during the restructuring, including staff who opted for early retirement or accepted lower positions to support streamlining. SBV Region 3 reported that, as of 28 February 2025, the area had 27 credit institutions with a network including 54 level I branches, 39 level II branches, 158 transaction offices, 668 transaction points, 243 ATM/CDM machines, 35,102 QR-code points and 2,583 service introduction points run by eight finance companies. SBV leadership provided direction for the period ahead focused on stabilising the organisational model and executing core banking-sector tasks in monetary and credit operations, inspection and supervision, and payments, alongside continued staffing rationalisation using transparent criteria aligned with 2025 work programmes.
State Bank of Vietnam 2025-03-26
State Bank of Vietnam reviews Region 3 operations as it consolidates 63 provincial branches into 15 regional units
The State Bank of Vietnam (SBV) reviewed operations and challenges in SBV Region 3 following its reorganisation into a regional unit. This consolidation involved merging four provincial branches into one of 15 regional units nationwide. SBV leadership emphasized stabilizing the new model and focusing on core banking tasks, including monetary operations and staffing rationalization.