Announcement of Decision to establish State Bank of Vietnam Branch in Region 11

Also attending the event were the Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Dak Lak Provincial People's Council, Mr. Duong Cong Thai, along with many delegates leading government agencies, People's Councils, National Assembly delegations, relevant departments and branches of Dak Lak, Kon Tum, Gia Lai, Dak Nong, Lam Dong provinces and representatives of departments and agencies under the State Bank, Vietnam Deposit Insurance, leaders of commercial banks...

Deputy Governor Doan Thai Son presents the Decision to the Deputy Directors of the State Bank of Vietnam, Region 11 Branch.

The arrangement of the State Bank branches in provinces and centrally run cities is based on the requirements and tasks of the State Bank, the specific nature of its operations... Therefore, to ensure the full implementation of the State management function on currency, banking and foreign exchange activities, and the implementation of the State Bank's central bank function for the economy in the provinces and cities, the State Bank has completed the reorganization of 63 State Bank branches in provinces and cities into 15 Regional State Bank branches, ensuring the implementation of state management, payment activities, monetary security, and treasury for the banking system. Of which, the State Bank branches in Region 11 include 5 provinces in the Central Highlands.

Deputy Governor of the State Bank of Vietnam Doan Thai Son and delegates congratulated the launch of the Board of Directors of the State Bank of Vietnam, Region 11 Branch.

Previously, on February 24, 2025 and February 27, 2025, the Governor of the State Bank of Vietnam issued Decisions on appointing personnel for Region 11. Specifically, Mr. Nguyen Kim Cuong holds the position of Acting Director of the State Bank of Vietnam, Region 11 branch; the Deputy Directors of the State Bank of Vietnam, Region 11 include Mr. Vo Van Thanh, Mr. Hoang Minh Tan, Mr. Pham Thanh Tinh, and Mr. Le Van Luong.

The total number of civil servants and employees at the State Bank of Vietnam, Region 11 branch, before the reorganization was 225 people, and after the reorganization was 200 people. Civil servants holding leadership and management positions before the reorganization was 63 people, and after the reorganization, it was reduced to 24 people.

The organizational structure of the State Bank of Vietnam Region 11 after the arrangement includes 7 departments: State Bank of Vietnam Regional Inspectorate; General Department; Management and Supervision Department 1; Management and Supervision Department 2; Accounting - Payment Department; Currency - Treasury Department; Administration - Personnel Department.

Scene of the Ceremony announcing the Decision to establish the State Bank of Vietnam, Region 11 branch

The consolidation of the State Bank's organizational structure, including 15 Regional State Bank branches, is the result of the serious and drastic efforts of the State Bank's Board of Directors and Steering Committee, implementing the consistent directions of the Central Committee, the Politburo, and the Secretariat on implementing the "revolution" of streamlining the apparatus, which is a key and urgent task, of special significance to the country's development in the new era.

In the coming time, the State Bank will continue to implement related tasks to ensure progress, quality and improve the effectiveness and efficiency of state management, meeting the requirements of the Central Steering Committee and the Government Steering Committee.