Coordinate to strengthen the activities of the People's Credit Fund organization

On October 9, 2025, the State Bank of Vietnam (SBV) Region 10 Branch (KV10) and the Co-op Bank of Vietnam (Co-op Bank) organized a symposium on People's Credit Funds in 2025 "The operational objective of credit institutions is cooperatives".

The conference was held to strengthen coordination and consolidate the activities of the People's Credit Fund organization.

Attending the conference were representatives of the Cooperative Alliance, the Economic Security Department (PA04) - Provincial Police, the People's Committees and Police of communes and wards in Lam Dong and Khanh Hoa provinces, and leaders of 59 People's Defense Forces operating in the two provinces.

Mr. Bui Huy Tho - Director of State Bank Region 10 delivered the opening speech

In his opening speech, Mr. Bui Huy Tho - Director of the State Bank of Vietnam Region 10 said that the merger of State Bank branches was carried out to enhance the efficiency of management and operation of the credit institution system in areas with many similarities in socio-economics. Currently, the State Bank of Vietnam Branch Region 10 performs the function of state management of currency, banking and foreign exchange activities in the two provinces of Lam Dong and Khanh Hoa .

Mr. Nguyen Van Giang - Deputy General Director of Cooperative Bank

Mr. Nguyen Van Giang - Deputy General Director of the Cooperative Bank of Vietnam provided more information on the role of capital regulation, ensuring stable operations of the People's Credit Funds, and proposed a closer coordination mechanism between the Cooperative Bank and the State Bank in supporting the People's Credit Funds system.

Currently, the State Bank of Vietnam (SBV) Region 10 is managing 59 People's Credit Funds operating in the two provinces. As of August 31, 2025, the People's Credit Fund system in Region 10 has more than 124,000 members, an increase of more than 6,000 members compared to 2024; total capital reaches VND 18,200 billion, outstanding loans of VND 13,059 billion, mainly serving the fields of agriculture , small-scale industry and consumption. The bad debt ratio is only 0.42%, reflecting well-controlled credit quality.

Mr. Nguyen Van Trung - Chairman of the Board of Directors of the People's Credit Fund of Ward II, Bao Loc presented a paper on the topic "Repositioning the role of the People's Credit Fund in the new situation"

In 2024, the entire system will record a profit of 230 billion VND, making a positive contribution to the state budget, creating jobs for local workers, participating in social security programs and helping to limit usury. This is an important milestone, demonstrating a strong change in the management, operation and development of the QTDND system in the new period.

Ms. Nguyen Thi Bich Thi - Head of the Ninh Hoa People's Credit Control Board shares experience in applying information technology in the activities of Ninh Hoa People's Credit Fund.

In addition to the achieved results, the activities of the People's Credit Fund still have some limitations that need to be overcome, such as: products and services are still monotonous; management and operation capacity has not met the requirements of innovation; internal inspection and control work is still formal; the application of technology and digital transformation is still slow; some People's Credit Funds show signs of deviating from the cooperative's principles and goals.

Delegates agreed that in the coming time, it is necessary to continue to improve governance and management capacity, and strengthen the People's Credit Fund system in a safe, sustainable, and correct direction as a cooperative credit institution.

At the conference, Lieutenant Colonel Vo Ngoc Hung Son - Deputy Head of the Economic Security Department (PA04) of Lam Dong Provincial Police warned about crimes in the financial and monetary fields, and proposed to strengthen coordination in management and supervision between functional agencies to enhance the activities of credit institutions.

Ms. Tran Thuy Binh - Director of Deposit Insurance Branch of South Central and Central Highlands Region, information on the rights and legitimate interests of depositors

At the Conference, delegates presented papers sharing effective operating methods of the People's Credit Funds of the Cooperative Bank; discussed contents revolving around the operational goals of the People's Credit Funds.

The conference also witnessed the signing ceremony of the cooperation program between the State Bank of Vietnam, Region 10 branch, the Co-operative Bank of Vietnam and the Deposit Insurance of the South Central and Central Highlands branches.

Mr. Nguyen Van Sen - Vice Chairman of Ward 2 People's Committee - Bao Loc, acknowledged the role of the People's Committee in the ward.

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QTDND is a credit institution established by legal entities, individuals and households in the form of cooperatives to carry out a number of banking activities according to the provisions of the Law on People's Credit Institutions 2010 in the communes (wards). The QTDND Fund is used to contribute capital from members to lend and share profits according to the capital contribution ratio of members.

Source: https://baolamdong.vn/phoi-hop-cung-co-hoat-dong-cua-to-chuc-quy-tin-dung-nhan-dan-395372.html