NDO - On the afternoon of March 11 in Viet Tri City (Phu Tho province), the State Bank of Vietnam held a ceremony to announce the Decision to establish and launch the State Bank Branch, Region 4.
Accordingly, implementing the policy of the Politburo and the Secretariat on restructuring and streamlining the organizational apparatus, the Governor of the State Bank issued Decision 304/QD-NHNN dated February 24, 2025 on the establishment of the State Bank Branch in Region 4 on the basis of merging the State Bank branches in 6 provinces: Phu Tho, Vinh Phuc, Ha Giang, Tuyen Quang, Lao Cai, Yen Bai.
State Bank Branch Region 4 has the function of advising and assisting the Governor of the State Bank in performing State management of currency, banking activities and foreign exchange.
State Bank Region 4 performs its duties and powers in the area according to the regulations of the State Bank and the law. The network operates in the area to ensure safety, suitability, and efficiency, with the goal of providing financial, banking, and credit insurance services to communes, remote areas, and isolated areas.
To date, the banking system in the region has 29 systems of banks and credit institutions with 102 level 1 bank branches including: 10 branches of state-owned commercial banks, 26 branches of state-owned joint-stock commercial banks, 55 branches of non-state-owned joint-stock commercial banks, 6 branches of social policy banks, 2 branches of foreign banks, 3 branches of cooperative banks; there are 98 people's credit funds, 2 branches of microfinance institutions (TYM). In the region, there are 446 transaction offices, 787 ATMs, 2,896 POS machines and 5 mobile transaction points.
State Bank Region 4 is headquartered in Viet Tri city, Phu Tho province and has 5 satellite locations operating in the provinces of Vinh Phuc, Ha Giang, Tuyen Quang, Lao Cai, Yen Bai. At the conference, the State Bank also announced the decisions to appoint Directors, Deputy Directors, Department Heads, and Deputy Department Heads of State Bank Region 4. Ms. Truong Thu Hoa - Director of State Bank Branch in Lang Son province was transferred and appointed to the position of Deputy Director of State Bank Branch in Region 4 and assigned the position of Acting Director of State Bank Branch in Region 4.
Source: https://nhandan.vn/ra-mat-ngan-hang-nha-nuoc-khu-vuc-4-post864452.html
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