The State Bank of Vietnam (SBV) published an update on the Vietnam Association of People’s Credit Funds’ 5th term congress (2026–2031) and 20th anniversary, where Standing Deputy Governor Doan Thai Son set priorities for the association to strengthen its role as the system-wide linkage point and to support member People’s Credit Funds to develop safely, effectively and sustainably. A central near-term expectation is for the new executive committee to quickly develop a concrete action programme to implement the congress resolution and to coordinate on the restructuring scheme for the People’s Credit Fund system and Vietnam Cooperative Bank for 2025–2030, with an orientation to 2045. The SBV also emphasised support for members to adapt to changes in organisational arrangements and operating areas while maintaining system safety, alongside accelerating digital transformation, upgrading training, and improving internal rules and professional ethics; the association’s own work programme similarly targets a shared IT system and unified digital infrastructure across the People’s Credit Fund network.
State Bank of Vietnam 2026-03-30
State Bank of Vietnam urges Vietnam Association of People’s Credit Funds to accelerate digital transformation and support the 2025–2030 restructuring of cooperative credit institutions
The State Bank of Vietnam reported on the Vietnam Association of People’s Credit Funds’ 5th term congress, which set priorities for strengthening system-wide coordination and supporting member People’s Credit Funds to develop safely and sustainably. The new executive committee will develop an action programme to implement the congress resolution and coordinate the 2025–2030 restructuring of the People’s Credit Fund system and Vietnam Cooperative Bank, with a longer-term orientation to 2045. The State Bank also stressed supporting members through organisational changes and enhancing digital transformation, training, internal rules, professional ethics, and shared IT and digital infrastructure.