The State Bank of Vietnam published an update on the fourth Party Congress of Vietnam Co-operative Bank (Co-opBank) for the 2025–2030 term, where Deputy Governor Doan Thai Son provided direction on Co-opBank’s priorities as the head institution supporting the People’s Credit Fund system. The guidance focused on the new Party committee rapidly putting in place its working rules, term programme and allocation of responsibilities, and coordinating closely with Co-opBank’s management to ensure safe and effective operations. Priorities included implementing higher-level Party directives, streamlining organisational structures, developing “breakthrough” solutions aligned with the Politburo’s four strategic resolutions and the State Bank of Vietnam’s action plans, and treating innovation and digital transformation as a core task. The update also highlighted Co-opBank’s 2020–2025 results, including total funding of VND 61.708 trillion at end-2024 and VND 67.820 trillion as of 31 May 2025, loans of VND 36.516 trillion at end-2024 and VND 38.741 trillion as of 31 May 2025, and People’s Credit Fund placement balances of VND 46.103 trillion at end-2024 and VND 54.065 trillion as of 31 May 2025. Digitalisation metrics included 952 of 1,180 People’s Credit Funds participating in Co-opBank’s payments network, 477,980 payment accounts, 52,813 Napas cards and VND 2.658 trillion in CASA balances. Delegates elected a seven-member Co-opBank Party Executive Committee for 2025–2030 and selected 12 official and two alternate delegates to attend the State Bank of Vietnam Party Congress for the same term.
State Bank of Vietnam 2025-06-12
State Bank of Vietnam Deputy Governor sets digital transformation and restructuring priorities for Co-opBank at its 2025–2030 Party Congress
During its fourth Party Congress for the 2025–2030 term, the State Bank of Vietnam prioritized rapid implementation of working rules, organizational streamlining, and digital transformation for the Vietnam Co-operative Bank (Co-opBank). Co-opBank's financial results showed growth in funding and loans, with significant participation in its payments network. A seven-member Party Executive Committee was elected, along with delegates for the State Bank of Vietnam Party Congress.