State Bank of Vietnam (SBV) Region 8 held its first regional-level conference on 7 June 2025 for People’s Credit Funds (PCFs) in Nghe An, Ha Tinh and Quang Binh, reviewing sector performance in 2024 and the first four months of 2025 and setting priorities for the remaining eight months of 2025. Across the region’s 115 PCFs, SBV reported more than 287,000 members and operating funds of VND 26,829.3 billion as of 30 April 2025, with loans outstanding of VND 20,049.7 billion and non-performing loans stated to be within permitted limits. Priorities for the rest of 2025 include ensuring PCFs operate in line with their cooperative purpose, implementing the 2021–2025 restructuring and bad debt resolution plan and the system development programme to 2030, strengthening discipline and internal control, upgrading training and staffing plans, improving credit quality to limit new NPL formation, cooperating with Cooperative Bank of Vietnam branches on payment agency services and syndicated lending for larger customers, remediating findings from inspections and audits, and continuing investment in facilities. SBV Region 8 also signalled it will intensify inspection, supervision and coordination with local authorities and relevant agencies through 2025 to prevent, detect and handle legal violations at PCFs, in the context of the government’s directive on PCF safety and SBV’s action plan issued on 31 March 2025.

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