Co-opBank - connecting trust, leading the people's credit fund system.

"In 2026 and beyond, Co-opBank will continuously innovate, affirming its role as the bank for people's credit funds, accompanying people in agricultural and rural areas to develop the economy, alleviate poverty, and improve the quality of life."

VietNamNet•01/04/2026

This was shared by Mr. Nguyen Quoc Cuong - Chairman of the Board of Directors of Vietnam Cooperative Bank (Co-opBank) at the 2025 Member Delegates' Congress, held on March 30-31, 2026 in Phu Tho province.

Mr. Doan Thai Son - Standing Deputy Secretary of the Party Committee, Standing Deputy Governor of the State Bank of Vietnam (SBV) delivered a directive speech at the Congress.

In his opening remarks at the Congress, Mr. Nguyen Quoc Cuong stated that during the 2021-2026 period, Co-opBank had decisively and comprehensively implemented many flexible, timely, and all-round solutions in all aspects of its operations, successfully implemented the restructuring plan associated with handling Co-opBank's bad debts, and achieved many outstanding achievements, with many important indicators exceeding the set plan.

As of December 31, 2025, total capital increased by 39.12%; total outstanding loans increased by 79.44%; pre-tax profit increased by 51.87% compared to 2021; the non-performing loan ratio decreased from 1.14% (2020) to 0.34% (2025); and the non-performing loan coverage ratio in 2025 reached 267.6%.

In particular, Co-opBank continues to affirm its central role in promoting the development of the people's credit fund (PCF) system. In terms of capital allocation, during the 2021-2025 period, the volume of allocated deposits reached VND 796,849 billion; the volume of PCF loans reached VND 114,362 billion. As of December 31, 2025, the balance of allocated deposits exceeded VND 49 trillion, an increase of 38% compared to 2021; outstanding PCF loans increased by 3.90%. Co-opBank has implemented many products for PCFs, notably digital banking products and services, contributing to strengthening system linkages. The CF-eBank electronic banking system has connected payments with over 1,000 PCFs, forming a network of 1,110 transaction points.

The Fund for Ensuring the Safety of the People's Credit System (the Safety Fund) has reached a total capital of over 1 trillion VND, providing loans to People's Credit Funds facing liquidity difficulties, supporting the training of nearly 5,000 trainees from 914 People's Credit Funds, and participating in disaster relief efforts.

In addition, Co-opBank, in collaboration with the Reserve Fund and the Association of People's Credit Funds, has developed a common brand identity for the People's Credit Fund system. Currently, 82 funds have installed signage according to the new brand identity.

Mr. Nguyen Quoc Cuong - Chairman of the Board of Directors of Co-opBank, delivered a speech at the General Meeting.

Delivering a keynote address at the Congress, Mr. Doan Thai Son - Standing Deputy Secretary of the Party Committee, Standing Deputy Governor of the State Bank of Vietnam, on behalf of the Standing Committee of the Party Committee and the leadership of the State Bank of Vietnam, acknowledged and highly appreciated the role of Co-opBank as the lead bank for nearly 1,200 People's Credit Funds, playing an important role in promoting the development of the collective economy , contributing to poverty reduction, curbing illegal lending, and expanding access to financial services, especially in agricultural and rural areas.

Against the backdrop of a global economy still fraught with risks, challenges, and uncertainties, and in order to successfully fulfill the assigned political tasks and gradually realize the goal of building Co-opBank into a modern, multi-functional, safe, and sustainable institution, the Standing Deputy Governor of the State Bank of Vietnam, Doan Thai Son, requested the Board of Directors, the Executive Board, and the Supervisory Board of Co-opBank to continue to promote and implement comprehensively and decisively the key tasks.

This includes closely adhering to the operational guidelines of the State Bank of Vietnam, proactively implementing the business and financial plan for 2026 and subsequent years of the term in accordance with the legal framework and directives of the State Bank of Vietnam.

Elevating Co-opBank's role as the central coordinating body for the People's Credit Fund system should be considered a key task and requires a truly significant transformation. The Deputy Governor also requested Co-opBank to continue pioneering digital transformation and play a leading role in supporting payment infrastructure and providing digital banking services to the People's Credit Funds.

At the same time, Co-opBank needs to focus on improving its financial capacity and operational management, effectively managing and utilizing state capital and assets in conjunction with Co-opBank's performance and the safety of the People's Credit Fund system, making a positive contribution to the overall development of the banking industry and the country.

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