The State Bank of Vietnam published an update on the Cooperative Bank of Vietnam’s 2025 member delegates congress, where SBV Permanent Deputy Governor Doan Thai Son set out priorities for the bank’s 2026–2031 term and marked the election of a new Board of Directors and Supervisory Board. Nguyen Quoc Cuong was introduced as the new Chair of the Board for term IV (2026–2031). SBV framed the Cooperative Bank as the apex institution for the People’s Credit Funds system, currently supporting nearly 1,200 funds through functions including liquidity support and capital balancing. For 2026–2031, the guidance emphasised aligning with SBV’s operating direction, pursuing credit growth linked to safety and effectiveness, and focusing funding on priority areas, particularly agriculture and rural development. The bank was also tasked with strengthening inspection and supervision to detect and address risks early, coordinating with relevant agencies to resolve weak People’s Credit Funds, and leading digital transformation by supporting payments infrastructure and digital banking services for the sector, alongside improving financial capacity, governance and operational discipline. At the congress, SBV also presented emulation flags and commendations to Co-opBank collectives and individuals for performance across 2024 and the 2020–2025 and 2023–2024 periods, while the incoming chair indicated the new leadership would incorporate SBV’s direction into the bank’s five-year strategy.
State Bank of Vietnam 2026-03-31
State Bank of Vietnam sets 2026–2031 priorities for the Cooperative Bank of Vietnam as it elects new leadership
The State Bank of Vietnam set strategic priorities for the Cooperative Bank of Vietnam for 2026–2031 at its 2025 member delegates congress, which elected a new Board of Directors and Supervisory Board and appointed Nguyen Quoc Cuong as Chair. SBV directed the apex bank for nearly 1,200 People’s Credit Funds to align with SBV’s direction, pursue safe, effective credit growth in priority sectors like agriculture and rural development, strengthen inspection and supervision, resolve weak funds, and lead digital transformation and governance improvements. SBV also presented emulation flags and commendations, and the new leadership pledged to embed this guidance into the bank’s five-year strategy.