Launching State Bank Region 5: Strengthening capital flow connection

On the afternoon of March 18, the State Bank of Vietnam announced the establishment of the State Bank of Region 5, headquartered in Thai Nguyen. The event was held within the framework of the Conference “Promoting bank credit, contributing to promoting economic growth in Region 5”.

Conference scene.

Delegates attending the Conference.

At the Conference, representatives of the State Bank of Vietnam announced the Decision to establish and launch the State Bank of Vietnam Region 5 - a unit that plays a focal role in managing banking activities in 6 provinces including Thai Nguyen, Bac Kan, Cao Bang, Lang Son, Bac Giang and Bac Ninh. Comrade Le Quang Huy, Deputy Chief Inspector - Supervisor of the State Bank of Vietnam, was appointed as Director of the State Bank of Vietnam Region 5.

State Bank leaders present appointment decisions.

Provincial leaders congratulated the appointed comrades.

After restructuring the apparatus, the State Bank of Region 5 has 219 staff, with 7 specialized departments in charge of inspection, supervision, currency - treasury, accounting - payment, administration - human resources... Region 5 currently has 36 credit institutions, 136 level 1 branches, 449 transaction offices, and a network of people's credit funds and microfinance.

Deputy Governor of the State Bank of Vietnam Doan Thai Son highly appreciated the achievements of the banking sector in Region 5. As of the end of February 2025, total outstanding credit reached more than VND 511 trillion, up 1.5% compared to the end of 2024, accounting for 3.25% of total outstanding credit of the economy. The credit structure focuses on trade - services (60%) and industry - construction (30%). In particular, priority credit capital is strongly poured into agriculture, rural areas (32% of total outstanding loans), small and medium enterprises (14%). The Vietnam Bank for Social Policies is also implementing 23 policy credit programs with outstanding loans of over VND 30,900 billion.

Deputy Governor of the State Bank Doan Thai Son spoke at the Conference.

At the Conference, delegates focused on discussing difficulties and obstacles in promoting credit. Some customers have demand for credit loans but do not meet the loan conditions or are entangled in legal procedures; small and medium enterprises, cooperatives, production establishments have small capital scale, limited financial capacity, management and administration, lack of transparency in information, unfeasible production and business plans and projects, leading to credit institutions lacking basis for appraisal and lending decisions...

Chairman of Thai Nguyen Provincial People's Committee Nguyen Huy Dung spoke at the Conference.

Speaking at the Conference, Chairman of Thai Nguyen Provincial People's Committee Nguyen Huy Dung highly appreciated the role of the banking sector in the socio-economic development of the province and the region. At the same time, he committed to accompanying the State Bank of Region 5, credit institutions, and enterprises to create favorable conditions for credit capital to flow into production and business, contributing to the implementation of growth targets in 2025 and the following years...

Source: https://baothainguyen.vn/thoi-su-thai-nguyen/202503/ra-mat-ngan-hang-nha-nuoc-khu-vuc-5-tang-cuong-ket-noi-dong-von-f092942/