The State Bank of Vietnam published an account of Governor Nguyen Thi Hong’s working session with State Bank of Vietnam Regional Office 14 and banks in the area, reviewing operations after five provincial SBV branches were merged into a single regional unit. The governor instructed that the organisational streamlining must not create bottlenecks in payments, banking transactions or service delivery to households and businesses. Regional Office 14 covers Can Tho, Hau Giang, Vinh Long, Soc Trang and Bac Lieu. Acting Director Tran Quoc Ha reported that credit institutions in the area resumed normal operations immediately and that Regional 14 was among the first units to run smoothly after the merger; the regional footprint includes Vietbank’s head office, 129 first-tier branches of credit institutions, one cooperative bank, 32 people’s credit funds, 45 Agribank district branches, 251 transaction offices, a CEP microfinance branch and eight representative offices, and five Vietnam Bank for Social Policies branches with 164 transaction points and four mobile service vehicles. He also called for SBV departments to complete operational guidance to reflect the new organisational set-up and for provincial and city authorities to coordinate on local monetary, credit and banking measures. The governor noted the SBV’s nationwide restructuring from 63 provincial and city branches to 15 regional offices and required staff to move quickly into the new operating model so support to credit institutions remains “connected without congestion”. SBV head-office departments responded to requests raised at the meeting and asked regional institutions to continue cooperating with the streamlining process.
State Bank of Vietnam 2025-03-26
State Bank of Vietnam governor directs Regional 14 to keep banking services uninterrupted after provincial branch consolidation
The State Bank of Vietnam (SBV) reviewed operations after merging five provincial branches into Regional Office 14, stressing the need to avoid bottlenecks in payments and services. Governor Nguyen Thi Hong highlighted the restructuring from 63 branches to 15 regional offices, urging swift adaptation. Regional Office 14, covering multiple provinces, reported smooth operations post-merger and called for updated guidance and local coordination.