State Bank of Vietnam Deputy Governor Pham Tien Dung addressed Vietnam Cooperative Bank (Co-opBank)’s sixth trade union congress for the 2025–2030 term, commending the union’s performance in 2020–2025 and endorsing its priorities to modernise its operating approach, streamline the organisation and advance digital transformation. He linked these priorities to maintaining stability in the People’s Credit Fund system. The Deputy Governor also called for the union to continue its role in strengthening cohesion across the system, run emulation programmes tied to professional duties, and safeguard employees’ legitimate rights and interests. Co-opBank reported that as of 30 November 2025 total operating capital was up 9.13% versus 31 December 2024, mobilised funds rose 9.52% and lending increased 21.18%, alongside expanded digital rollout through the CFeBank e-banking system. The congress elected an 11-member trade union executive committee for 2025–2030 and selected delegates to attend the eighth Vietnam Banking Trade Union congress.
State Bank of Vietnam 2025-12-17
State Bank of Vietnam Deputy Governor urges Co-opBank to streamline operations and accelerate digital transformation
State Bank of Vietnam Deputy Governor Pham Tien Dung praised the Vietnam Cooperative Bank's trade union for its 2020–2025 performance and endorsed its modernization and digital transformation priorities for 2025–2030, emphasizing their importance for the People’s Credit Fund system's stability. Co-opBank reported a 9.13% increase in total operating capital and a 21.18% rise in lending as of November 2025, with expanded digital services via the CFeBank e-banking system.