The State Bank of Vietnam’s Region 15 unit held a press conference to review the performance of People’s Credit Funds (QTDND) in the first half of 2025 and set directions and key tasks for the second half of 2025 across An Giang and Dong Thap provinces. The regulator’s assessment was that governance, management and internal control at QTDNDs have received greater attention, with operations broadly meeting their mutual-support purpose for members and remaining relatively stable, safe and effective. The meeting brought together 24 QTDNDs in An Giang and 17 QTDNDs in Dong Thap, alongside State Bank of Vietnam Region 15 leadership and supervisory staff and representatives of the Vietnam Cooperative Bank’s An Giang branch. Concluding the session, Acting Director Tran Van Phuoc instructed QTDNDs to strengthen governance and controls in line with legal and internal rules, continue implementing the approved 2021–2025 restructuring plan linked to non-performing loan (NPL) resolution, reinforce measures for safe and effective credit growth and improved credit quality while controlling and handling NPLs, accelerate information technology application and digital transformation, reduce operating costs and adjust lending rates downward where appropriate, regularly escalate operational difficulties to local authorities for timely support, and step up communication to members and local communities on the policy and legal framework and operating principles of QTDNDs.
State Bank of Vietnam 2025-06-12
State Bank of Vietnam Region 15 sets second-half 2025 supervisory priorities for People's Credit Funds in An Giang and Dong Thap
The State Bank of Vietnam’s Region 15 unit reviewed the performance of People’s Credit Funds (QTDND) in An Giang and Dong Thap provinces for the first half of 2025, noting stable and effective operations. Acting Director Tran Van Phuoc emphasized strengthening governance, implementing restructuring plans, enhancing credit quality, and accelerating digital transformation.