According to the State Bank of Vietnam (SBV), to ensure that the credit fund system operates safely and effectively, in accordance with its objectives, goals, operating principles and legal regulations, affiliated units need to consider the work of continuing to rectify and strengthen the safety of the credit fund system as a regular task.

One of the important solutions is to strengthen the operation of the credit fund system. The banking inspection and supervision agency needs to urgently complete the handling of weak credit funds.

At the same time, focus on researching and developing to issue circulars guiding the Law on Credit Institutions 2024 for the credit institution system which is a cooperative. Then, conduct training and education to implement the issued documents.

The State Bank of Vietnam requires the banking inspection and supervision agency to urgently complete the handling of weak credit funds.

The State Bank also requested the Deposit Insurance of Vietnam to coordinate with the Legal Department of the State Bank of Vietnam to study and propose amendments and supplements to the Law on Deposit Insurance and related legal documents. In particular, the Deposit Insurance of Vietnam needs to participate more strongly in the restructuring of credit funds using the resources of the deposit insurance.

The State Bank branches in provinces and cities regularly coordinate with local authorities to organize specialized conferences on credit funds in the area. Coordinate to grasp and provide information in announcing policies, operational results and warnings, and correcting credit funds with potential risks and violations.

Along with that, closely monitor and supervise the implementation of the restructuring plan associated with bad debt handling of credit funds. Conduct inspections and examinations according to the plan determined from the beginning of the year, strictly handle violations, ensure objectivity, reason and emotion.

Ha Anh