The State Bank of Vietnam held a working session with its Region 10 branch and credit institutions in the area to assess early operational issues after the branch shifted to a new consolidated model, and instructed the branch to stabilise its organisation and develop solutions to address a local contraction in credit. Region 10 has operated under the new structure since 1 March 2025 following the merger of the State Bank of Vietnam’s provincial branches in Khanh Hoa, Binh Dinh, Phu Yen, Ninh Thuan and Binh Thuan. The branch is headquartered in Nha Trang with four satellite points, and is organised into seven departments with 190 staff, down 34 compared with pre-merger. The area has 134 bank branches and, by end-February 2025, outstanding credit exceeded VND 446 trillion, down 0.49% from end-2024 and representing 2.83% of nationwide outstanding credit. The Deputy Governor highlighted that credit in Region 10 had fallen despite the State Bank of Vietnam’s 2025 credit growth expectation of 16%, and called for clarification of the drivers and steps to support lending. Operational instructions focused on clear task allocation, avoiding any interruption in inspection and supervision coverage, and quickly completing internal procedures and reporting for inspection, vault operations, accounting and cash management, alongside closer coordination with local authorities and head offices of credit institutions. Region 10 will consolidate additional issues and recommendations for submission to the State Bank of Vietnam’s Office for onward handling, while the central Finance and Accounting function and other relevant units will review facility-upgrade needs across the system to provide timely support.

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