Provincial branches of the State Bank of Vietnam (SBV) in Vĩnh Phúc and Bắc Kạn held conferences to review 2024 banking performance and set out operational priorities for 2025, including the annual emulation and rewards programme for SBV’s Emulation Cluster 4 covering eight provinces. In Vĩnh Phúc, mobilised capital reached VND 140,132bn as at 31 December 2024, up 11.02% year on year, while outstanding credit rose to VND 143,680bn, up 12.11%. Lending turnover totalled VND 255,021bn and debt repayments VND 242,527bn, alongside reported outcomes including low lending rates, streamlined procedures for credit access, low bad-debt levels, and stable local foreign exchange and gold markets. Across Emulation Cluster 4, preliminary end-2024 figures showed mobilised capital of VND 616,002bn (up 10.71%) and outstanding credit of VND 629,273bn (up 14.28%), with non-performing loans at 0.79% of total credit; the cluster reported 317 bank–business connection events and 137 inspections producing 453 remedial recommendations, alongside continued focus on foreign exchange and gold management, digital transformation and cashless payments. The cluster agreed award nominations including recommending SBV’s Vĩnh Phúc branch for an SBV emulation flag and trade union flags for SBV’s Bắc Kạn and Bắc Giang branches. Emulation Cluster 4 signed its 2025 emulation covenant, selected the cluster head for 2025, and agreed to continue the programme until organisational streamlining under Resolution 18-NQ/TW results in the transfer of cluster activities under competent authority direction.

Original source View in tracker