The State Bank of Vietnam issued amendments to its framework for cooperative banks and the contribution, management and use of the Safety Assurance Fund for the People’s Credit Fund system, updating governance powers, supervisory and intervention arrangements, operational activities, fee contributions and internal responsibilities within the central bank. Key changes include giving the cooperative bank’s Members’ General Meeting authority to decide charter capital increases funded by state support; revising the cooperative bank’s inspection and supervision of People’s Credit Funds; setting rules for the cooperative bank to assign personnel when a People’s Credit Fund is subject to early intervention or special control; adjusting provisions on the cooperative bank’s operational activities; updating requirements for paying fees into the Safety Assurance Fund; and clarifying responsibilities of State Bank of Vietnam units. The amendments take effect on 15 November 2025.
State Bank of Vietnam 2025-10-03
State Bank of Vietnam amends cooperative bank and People’s Credit Fund system safety fund rules effective 15 November 2025
The State Bank of Vietnam has amended its framework for cooperative banks and the Safety Assurance Fund for the People’s Credit Fund system. Key changes include enhanced governance powers, revised supervisory and intervention arrangements, and updated operational activities and fee contributions. The amendments also clarify internal responsibilities within the central bank.