The State Bank of Vietnam held a working session with its Regional Branch 8 to take stock of operations and address issues arising after the branch began operating under the central bank’s new regional structure. Deputy Governor Pham Quang Dung directed the branch to quickly finalise and implement internal processes and related information technology systems, and to strengthen monitoring, inspection and supervision of monetary and banking activity across the area. As part of a broader organisational streamlining, 63 provincial State Bank branches were consolidated into 15 regional branches that started operating on 1 March 2025. Regional Branch 8 operates from a head office in Ha Tinh City with two satellite locations in Nghe An and Quang Binh, and reported that operations and connectivity between sites have been running smoothly after initial start-up challenges, while continuing to implement its 2025 inspection and supervision plan for local credit institution branches and people’s credit funds. The region currently has 253 credit institutions and branches and 495 transaction offices, with total deposits of VND 465,872.36 billion and total outstanding credit of VND 535,688.21 billion. Credit institutions raised operational issues linked to the new model, which SBV head office departments addressed during the session. The Deputy Governor also asked institutions to implement government and SBV directions on monetary, credit and foreign exchange measures, comply strictly with periodic and ad hoc reporting requirements, and extend credit safely and effectively with a focus on production, business and other priority sectors.

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