State Bank of Vietnam Regional Branch 13 held a working session with People’s Credit Funds in Tay Ninh province, reviewing their performance in the first seven months of 2025 and setting supervisory expectations focused on safety, governance and compliance. As of 31 July 2025, the People’s Credit Funds reported total funding of VND 2,857,312 million, up 0.97% from the start of 2025, while outstanding loans stood at VND 2,068,428 million, down 5.6%. Non-performing loans were VND 40,785 million, with an NPL ratio of 1.97%. The regional branch asked funds to continue implementing the Governor’s Decision No. 1638/QD-NHNN action plan for Prime Minister’s Directive No. 06/CT-TTg on strengthening safety and consolidating the People’s Credit Fund system for 2025–2030, including staff training and succession planning, ensuring personnel meet required standards, and updating internal regulations in line with current law. It also required strict adherence to rules on lending, deposit-taking and prudential safety ratios, alignment of 2025 business plan targets with each fund’s conditions, reporting and coordination with local authorities to address operational obstacles, and stronger communication with members and local residents about the model and services.
State Bank of Vietnam 2025-08-27
State Bank of Vietnam Regional Branch 13 reviews Tay Ninh People’s Credit Funds and reiterates 2025–2030 safety strengthening measures
The State Bank of Vietnam Regional Branch 13 reviewed People’s Credit Funds in Tay Ninh province, noting a slight funding increase and loan decrease as of July 2025. The branch emphasized adherence to safety, governance, and compliance standards, urging implementation of the Governor’s action plan and alignment of business targets with fund conditions. It stressed staff training, updating internal regulations, and improving communication with members and local residents.