Governor works with State Bank of Vietnam, Region 13 branch

At the meeting, Mr. Pham Minh Tu - Acting Director of the State Bank of Vietnam, Region 13 Branch, said that up to now, the arrangement and conversion of the organizational structure model of personnel, assignment of professional and technical work and assignment of responsibilities to areas in 4 provinces of Region 13 have been basically completed. Thereby, operations are smooth, uninterrupted, meeting the needs of managing the currency market in the region.

Governor Nguyen Thi Hong gave a speech at the meeting - Photo: Duc Khanh

Taking note of the opinions and recommendations of credit institutions in the region, as well as reports, assessments and analyses of the functional departments and bureaus of the State Bank, Governor Nguyen Thi Hong commended the results of the organization and arrangement of the State Bank model in Region 13, and gave some instructions to the monetary management agencies in the region and credit institution branches in Long An, Tien Giang, Ben Tre and Tra Vinh provinces.

The Governor requested the Board of Directors of the State Bank of Vietnam, Region 13, to continue reviewing and arranging the remaining work and difficulties in implementing the new operating model, in parallel with ensuring the smooth implementation of the tasks of managing the monetary and banking market in the region; closely following the directions of the State Bank to promptly implement monetary and credit policies; effectively implementing the directions of the Government and the State Bank in ensuring the supply of capital, reducing interest rates to support businesses, creating momentum for economic growth in localities in the region in particular and the whole country in general.

Regarding treasury and inspection work, the Governor requested the State Bank of Vietnam, Region 13, to complete the personnel structure in charge, and implement inspection activities of credit institutions according to the new operating models of the State Bank of Vietnam in the region. In particular, it is necessary to review and pay more attention to the activities of small-scale credit institutions such as People's Credit Funds and microfinance institutions. Thereby, research and propose a form of cash coordination suitable for the regional branch model, ensuring both absolute treasury safety and fully meeting the cash needs of the market and facilitating credit institutions in providing loans to businesses and people.