The State Bank of Vietnam reported that Permanent Deputy Governor Dao Minh Tu visited Vietnam Cooperative Bank (Co-opBank) on the first working day of the Lunar New Year and met its leadership to set expectations for the Co-opBank system’s 2025 operations. He urged the board, management and staff to deliver the assigned mandate and implement the 2025 plan discussed at the banking sector’s 2025 task-deployment conference, while continuing to operate safely, effectively and sustainably as a key pillar for the People’s Credit Funds (QTDND) network. Co-opBank’s Chief Executive Officer Pham Thi Hong Minh briefed on 2024 results, citing economic volatility and limited financial capacity but reporting that the bank met its assigned tasks and maintained its role as the linkage hub for QTDND, while Chairman Nguyen Quoc Cuong noted 2025 as Co-opBank’s 30th anniversary year and reiterated targets to meet its 2025 financial and business plans.
State Bank of Vietnam 2025-02-03
State Bank of Vietnam deputy governor visits Co-opBank and calls for safe, sustainable operations and stronger support for people’s credit funds in 2025
The State Bank of Vietnam's Permanent Deputy Governor Dao Minh Tu visited Vietnam Cooperative Bank (Co-opBank) to set expectations for its 2025 operations. He emphasized the importance of fulfilling the 2025 plan and maintaining safe, effective, and sustainable operations. Co-opBank's leadership reported on 2024 results, highlighting economic challenges but affirming the bank's role as a key linkage hub for the People’s Credit Funds network.