Three deputy ministers and the Central Youth Union Secretary concurrently hold the position of board member of a bank.

Deputy Prime Minister Ho Duc Phoc signed the Prime Minister's decisions appointing four members of the Board of Directors of the Vietnam Bank for Social Policies.

Mr. Nguyen Tuong Lam, Secretary of the Central Committee of the Ho Chi Minh Communist Youth Union , concurrently a member of the Board of Directors of the Vietnam Bank for Social Policies - Photo: TN

Specifically, with decisions No. 2003, 2005, 2006, the Prime Minister appointed Mr. Nguyen Manh Khuong - Deputy Minister of Home Affairs; Mr. Vo Van Hung - Deputy Minister of Agriculture and Environment ; Mr. Nguyen Duc Chi - Deputy Minister of Finance to hold the position of Member of the Board of Directors of the Vietnam Bank for Social Policies.

At the same time, in Decision No. 2007, the Prime Minister also appointed Mr. Nguyen Tuong Lam - Secretary of the Central Committee of the Ho Chi Minh Communist Youth Union - to concurrently hold the position of Member of the Board of Directors of the Social Policy Bank, replacing Mr. Ngo Van Cuong who was assigned to other work.

The decisions have a term of appointment of 5 years.

With the appointment of 4 more part-time members, the Vietnam Bank for Social Policies has members who are members of the Board of Directors of the Vietnam Bank for Social Policies according to the structure and organization of this unit.

Including the President of the Vietnam Farmers' Union, President of the Vietnam Women's Union, Deputy Head of the Government Office, Deputy Ministers of Finance, Agriculture and Environment; Ethnicity and Religion, Secretary of the Ho Chi Minh Communist Youth Union, Vietnam Veterans' Association, General Director and Head of the Supervisory Board of the Vietnam Bank for Social Policies.

The Chairwoman of the Board of Directors is Governor of the State Bank of Vietnam Nguyen Thi Hong.

The Vietnam Bank for Social Policies was established to implement preferential credit policies for the poor and other policy subjects.

The bank's operations are not for profit, the State guarantees its solvency, and the required reserve ratio is 0%. The bank does not have to participate in deposit insurance and is exempt from taxes and other payments to the state budget.

NGOC AN

Source: https://tuoitre.vn/ba-thu-truong-bi-thu-trung-uong-doan-cung-kiem-giu-chuc-uy-vien-hdqt-mot-ngan-hang-20250912204745744.htm