State Bank of Vietnam Region 11 branch reviews people’s credit funds and signs coordination rules with Cooperative Bank and deposit insurer

The State Bank of Vietnam’s Region 11 branch held a conference reviewing the performance of people’s credit funds in the first nine months of 2025 across Đắk Lắk and Gia Lai provinces and set supervisory and operational priorities for 2026. The event also included the signing of coordination rules with the Cooperative Bank of Vietnam and Deposit Insurance of Vietnam units covering Đà Nẵng and the South Central and Central Highlands region. Region 11 oversees 49 people’s credit funds and reported that, as of 30 September 2025, the system had 108,868 members, total operating capital of VND 7,034 billion (up 8.37% from the start of the year), mobilised funds of VND 6,311 billion (up 9.88%), and outstanding loans of VND 5,206 billion (up 2.81%), with non-performing loans at 0.3% of total credit. Most funds were assessed as operating safely, with 48 of 49 reporting income exceeding costs, while highlighted weaknesses included governance and management capacity, formalistic internal control, slow technology adoption and digital transformation, and small or uneven scale with weak financial capacity at some institutions. The branch’s acting director asked funds to comply with requirements, ensure operational safety, complete 2025 year-end settlement work, prepare for 2026 member congresses (including 2026–2031 term congresses where applicable), and strengthen internal control, audit and inspection functions for risk management.