Vietcombank Ho Chi Minh City Branch Party Committee contributes to effectively implementing monetary policy in the area

Looking back at the results of the past term associated with the implementation of the Party Resolution and the tasks assigned by VCB, as well as local tasks, it can be said that the VCB HCM Party Committee has successfully completed its tasks and continued to make important contributions to the development of the whole bank in general, consolidating and bringing pride to the VCB brand in the financial market in Ho Chi Minh City - the major economic center of the country in particular.

Firstly, contributing to the development and positioning of the VCB brand in the credit institution system and in the financial market in Ho Chi Minh City with its scale of operation, operational efficiency and ability to meet the capital and banking service needs of customers and the economy.

VCB Party Committee of Ho Chi Minh City contributes to developing and positioning VCB brand in the system of credit institutions and in the financial market.

In Ho Chi Minh City, the VCB system with 19 branches is operating effectively, as shown by the fact that its capital mobilization and lending market share always accounts for a high proportion compared to state-owned commercial banks. Specifically, VCB's capital mobilization market share accounts for over 35%, and outstanding credit accounts for over 28% of the total market share of the entire block in the area.

VCB HCM alone always accounts for about 32% of total capital mobilization and over 30% of total outstanding credit of the entire system in the area, affirming the leading position of the branch in the region. Thereby demonstrating the important role of the branch in implementing the tasks of VCB and the State Bank of Region 2.

Second, as a commercial bank with over 50% state capital, VCB HCM plays an important role in organizing, implementing and effectively implementing monetary, credit and banking policies in the area. With a large market share of capital mobilization, lending and customers operating in the growth-driving sectors of the economy such as export, consumption and investment, along with strong financial capacity, high service quality and operational efficiency, VCB HCM not only meets the capital and banking service needs of businesses and the economy, but is also always a pioneer in implementing the credit and interest rate management policies of the State Bank.

Third, service quality and operational efficiency, management and governance levels and human resource quality ensure meeting all service requirements for the development of an integrated economy, continuing to be a traditional factor associated with the history of formation and development of VCB, creating the VCB brand in the domestic and international financial markets.

This meaning continues to be strongly promoted by VCB HCM and the entire VCB system in the area, thereby constantly consolidating and developing the brand. This is also a solid foundation for VCB branches in Ho Chi Minh City to become entities capable of competing and developing sustainably in the international financial center of Ho Chi Minh City in the coming period. At the same time, continue to make important contributions to the general development of banking activities in the area, contributing with the Ho Chi Minh City Banking industry to successfully complete political and economic tasks in the socio-economic development of the country in the era of strong national development.

At the end of the 8th term, the Vietcombank Ho Chi Minh City Party Committee has successfully completed the assigned political tasks, making an important contribution to the overall success of the entire system. These results have created a solid foundation for the 2025-2030 term with many strong innovations, in the context of many positive socio-economic changes. This is a favorable condition for Vietcombank in general and Vietcombank Ho Chi Minh City in particular to continue to grow effectively, affirming its position and spreading the pride of the Vietnamese bank brand - Vietcombank.

Source: https://thoibaonganhang.vn/dang-bo-vietcombank-chi-nhanh-tp-ho-chi-minh-gop-phan-thuc-hien-hieu-qua-chinh-sach-tien-te-tren-dia-ban-163985.html