Credit institutions in Region 12 operate safely and effectively.

Deputy Governor of the State Bank of Vietnam Pham Tien Dung directly responded to opinions of credit institutions in Bien Hoa, Dong Nai - Photo: Dinh Hai

According to the State Bank of Vietnam, Region 12 Branch, after more than a month of operating under the new model based on the merger and consolidation of 5 branches of the State Bank of Vietnam in Dong Nai, Binh Duong, Binh Phuoc, Tay Ninh, and Ba Ria - Vung Tau provinces, the Board of Directors has assigned each province in the region a deputy director to directly monitor the implementation of monetary policies and mechanisms and local policies, and promptly receive feedback from people using financial and banking services.

Credit institutions said that credit capital transactions, payments, accounting, etc. in 5 provinces after more than a month of establishment of State Bank Region 12 have basically operated stably and will help reform administrative procedures for credit institutions.

The operating network of credit institutions in Region 12 ensures safety, suitability, and efficiency, with the goal of bringing banking services and utilities to remote communes.

This area currently has 1,106 transaction points of credit institutions, including 227 level 1 branches of commercial banks, 790 level 2 branches and affiliated transaction offices, 73 People's Credit Funds, 8 branches of CEP microfinance institutions, 2 branches of finance companies and 7 representative offices.

Mr. Ta Thanh Long - Director of the State Bank of Vietnam, Region 12 branch, said that after the merger, the scale of outstanding loans and mobilized capital of Region 12 is only behind the two big cities of Hanoi and Ho Chi Minh City.

Statistics as of the end of March 2025, the total mobilized capital of credit institutions in Region 12 reached more than 1 million billion VND, the average of the whole region increased by 2.06% compared to the end of 2024.

Outstanding credit balance by the end of March 2025 of Region 12 is estimated at more than 1.1 million billion VND, up 0.86% compared to the beginning of the year, of which Dong Nai and Ba Ria - Vung Tau recorded good growth, the remaining provinces had a slight decrease compared to the beginning of the year.

Credit for priority sectors continues to grow steadily, the preferential interest rate credit package for the forestry and fishery sectors continues to disburse well, the preferential credit package of 145 trillion VND for social housing loans after a period of drastic implementation has also begun to generate outstanding loans...

People's Credit Funds must be more and more transparent

At the meeting, Xuan Truong People's Credit Fund (Dong Nai) raised the issue that the State is currently merging communes and wards. How will People's Credit Funds operating in non-adjacent communes operate in the future?

People's Credit Fund - a collective economic model, has been actively operating in the past time in accordance with its role of mutual support, assisting members in production and business, and creating a life.

Regarding the future merger of communes and wards, a representative of the Banking Inspection and Supervision Agency under the State Bank of Vietnam said that recently, this agency has studied the operations of Credit Funds in inter-commune and inter-ward areas. Accordingly, the units are continuing to study and propose amendments and supplements to the operations of the People's Credit Fund after the merger of communes and wards and requesting the Fund to issue a specific document to provide clearer information to the Banking Inspection and Supervision Agency.

Deputy Governor Pham Tien Dung praised the results that the People's Credit Funds have achieved in the past, and shared with the Credit Funds the number of units that have been reduced when wards and communes were merged in the "revolution of streamlining the apparatus". However, the Funds need to have specific plans with the functional Departments and Bureaus on the operation situation, in the coming time, they must operate better and more transparently to share and support each other among the members.

Source: https://thoibaonganhang.vn/cac-to-chuc-tin-dung-tai-khu-vuc-12-hoat-dong-an-toan-hieu-qua-162111.html