State Bank of Vietnam Regional Branch 4 sets out year end financial settlement and governance guidance for 101 People's Credit Funds

The State Bank of Vietnam’s Regional Branch 4 held an operational guidance conference for People’s Credit Funds (PCFs) in its jurisdiction, outlining expectations for year-end financial settlement, governance processes and compliance ahead of the close of the 2025 financial year. The conference was positioned as a means to support consistent application of requirements across the branch’s area following provincial mergers. Representatives from 101 PCFs attended, including board chairs, directors, heads of supervisory boards and chief accountants. Guidance delivered by the branch’s Supervision and Management Division 2 covered annual financial settlement procedures, personnel matters, preparation and conduct of member assemblies, the associated assembly reports, and operational reminders. Acting Director Truong Thu Hoa asked PCFs to review progress against 2025 targets, address deficiencies identified through inspections and recommendations from the State Bank of Vietnam, Vietnam Deposit Insurance and the Cooperative Bank, complete 2025 financial settlement in line with applicable rules including ensuring full legal documentation for receipts and payments, procurement and investment, and prepare qualified successors where key personnel changes occur. Regional Branch 4 indicated the session forms part of its ongoing instructions and training for PCFs across the area now comprising Phu Tho, Tuyen Quang and Lao Cai provinces.