The State Bank of Vietnam’s Regional Branch 13 and the Ho Chi Minh City branch of Vietnam Deposit Insurance signed a coordination regulation governing the provision and exchange of information, intended to improve supervisory effectiveness and support the safe operation of the People’s Credit Fund system in the area. The two bodies reviewed recent information-sharing cooperation and exchanged detailed assessments of the operations and risks of People’s Credit Funds in Dong Thap and Tay Ninh, to inform upcoming management, supervision and support measures. The arrangement was framed as a basis for earlier risk detection and prevention as the banking sector implements phase 2 of the scheme to consolidate and develop the People’s Credit Fund system through 2030.
State Bank of Vietnam 2025-10-10
State Bank of Vietnam signs information sharing cooperation rules with Vietnam Deposit Insurance to strengthen supervision of People’s Credit Funds
The State Bank of Vietnam’s Regional Branch 13 and the Ho Chi Minh City branch of Vietnam Deposit Insurance signed a coordination regulation to enhance information exchange and supervisory effectiveness for the People’s Credit Fund system. The collaboration aims to improve risk detection and prevention as the banking sector advances phase 2 of the scheme to consolidate and develop the People’s Credit Fund system through 2030. Recent cooperation included assessments of operations and risks in Dong Thap and Tay Ninh.