The State Bank of Vietnam held a working session with the banking system in Region 11 and set operational priorities for its reorganised regional branch, which has been operating under a new model since 1 March 2025 as part of a streamlining of the central bank’s local structure. The State Bank of Vietnam Region 11 branch was created by consolidating the State Bank of Vietnam branches in Gia Lai, Dak Lak, Dak Nong, Lam Dong and Kon Tum under Decision 311/QD-NHNN. The regional banking network comprises 34 state-owned commercial bank branches, 81 joint-stock commercial bank branches, five Vietnam Bank for Social Policies branches, three cooperative bank branches, three Vietnam Development Bank branches and 51 people’s credit funds, alongside 385 transaction offices, 994 ATMs, 9,123 POS terminals and three mobile transaction points. The branch reported broadly stable VND deposit and lending rates and estimated outstanding credit in the region at around VND 593,759 billion by end March 2025, up 1% from end 2024. Deputy Governor Doan Thai Son asked the branch to stabilise governance and staffing allocations, avoid gaps in inspection and supervision coverage, and rapidly complete internal processes, reporting and information technology systems aligned to the new organisational model, including for cash vault and accounting functions. Credit institutions in the region were instructed to strengthen credit controls in higher-risk areas, prioritise lending to production and business, key projects and government growth drivers, and deepen coordination with local authorities and the head offices of participating institutions.
State Bank of Vietnam 2025-03-21
State Bank of Vietnam launches new Region 11 branch model after merging five provincial branches
The State Bank of Vietnam has reorganized its Region 11 branch, consolidating branches from Gia Lai, Dak Lak, Dak Nong, Lam Dong, and Kon Tum under Decision 311/QD-NHNN. Deputy Governor Doan Thai Son emphasized stabilizing governance, staffing, and IT systems, while instructing credit institutions to enhance credit controls and prioritize lending to key projects and government growth drivers. The branch reported stable VND deposit and lending rates, with outstanding credit estimated at VND 593,759 billion by March 2025, a 1% increase from the previous year.