State Bank of Vietnam instructs Regional Branch 2 to ensure smooth and safe credit institution operations across Ho Chi Minh City and Dong Nai under a streamlined structure

The State Bank of Vietnam published an update on Governor Nguyen Thi Hong’s working session with SBV Regional Branch 2, setting operational requirements for the branch following organisational streamlining. The Governor directed the branch to keep credit institutions operating smoothly, safely and effectively and to ensure the new organisational model functions properly. Regional Branch 2 reported that it now performs state management of monetary and banking activities in Ho Chi Minh City and Dong Nai. Work in Dong Nai has focused on supporting businesses and socio-economic development and implementing national target programmes on poverty reduction, including policy lending via the Vietnam Bank for Social Policies. The branch described Dong Nai’s money market as relatively stable, with deposit mobilisation growing and four state-controlled commercial bank branches accounting for more than 50% of local deposits, contributing to a more stable interest-rate environment. Planned priorities include implementing SBV policies while coordinating with relevant agencies to connect social security data via VNeID, expanding account-based disbursements and promoting cashless payments. The Governor also asked for closer monitoring of money-market developments, prompt handling of emerging issues, and stronger coordination with SBV departments and the People’s Committees of Ho Chi Minh City and Dong Nai. Branch leadership committed to translating these directions into specific measures tailored to each locality.