After the provincial merger, how will the State Bank branches change from July 1?

The State Bank of Vietnam (SBV) has just announced the reorganization of its regional branch system to align with the administrative apparatus and adjustment of provincial and municipal boundaries.

After rearranging 63 provincial and municipal State Bank branches into 15 regional branches to streamline the apparatus and improve operational efficiency and effectiveness, the regional State Bank branches officially came into operation on March 1.

After the arrangement of provincial administrative units, the country has 34 provinces and cities.

On that basis, the State Bank has issued 14 decisions amending and supplementing the functions, tasks, powers and organizational structure of 14 regional State Bank branches (except Region 1), to ensure a synchronous, unified and effective operating system.

Regional SBVs officially came into operation from July 1, in sync with the new local government system.

Deputy Governor of the State Bank of Vietnam Pham Quang Dung (third from right) presents the decision to appoint the leader of the State Bank of Vietnam Region 7. Photo: Hung Dung

The current regional SBVs (except SBV Region 1 and SBV Region 2) were established on the basis of merging the previous provincial and municipal SBV branches.

Each regional State Bank will perform the function of state management of currency, banking and foreign exchange activities in 3 to 6 provinces/cities, ensuring organizational streamlining, improving management capacity and operational efficiency.

The organization and rearrangement of regional SBVs is implemented according to the principle of maintaining the same number of organizational focal points (15 regional SBVs), not creating new organizations, minimizing the impact on staff and personnel, ensuring asset safety and monetary security, and at the same time improving the effectiveness and efficiency in implementing monetary policy at the local level.

The structure of 15 regional banks is as follows:

State Bank of Vietnam Region 1: Hanoi City.

State Bank of Vietnam Region 2: includes 2 provinces/cities: Ho Chi Minh City (Ho Chi Minh City + Ba Ria - Vung Tau + Binh Duong), Dong Nai (Dong Nai + Binh Phuoc). Headquarters in Ho Chi Minh City.

State Bank Region 3: includes 3 provinces: Son La, Dien Bien , Lai Chau. Headquarters in Son La province.

State Bank of Vietnam Region 4: includes 3 provinces: Phu Tho (Phu Tho + Hoa Binh + Vinh Phuc), Tuyen Quang (Tuyen Quang + Ha Giang), Lao Cai (Lao Cai + Yen Bai). Headquarters in Phu Tho province.

State Bank of Vietnam Region 5: includes 3 provinces: Thai Nguyen (Thai Nguyen + Bac Kan), Cao Bang, Lang Son. Headquarters in Thai Nguyen province.

State Bank of Vietnam Region 6: includes 2 provinces/cities: Hai Phong City (Hai Phong + Hai Duong), Quang Ninh. Headquarters in Hai Phong City.

State Bank of Vietnam Region 7: includes 2 provinces: Ninh Binh (Ninh Binh + Nam Dinh + Ha Nam), Thanh Hoa. Headquarters in Thanh Hoa province.

State Bank Region 8: includes 3 provinces: Ha Tinh, Nghe An, Quang Tri (Quang Tri + Quang Binh). Headquarters in Ha Tinh province.

State Bank Region 9: includes 3 provinces/cities: Da Nang City (Da Nang + Quang Nam), Quang Ngai (Quang Ngai + Kon Tum), Hue City. Headquarters in Da Nang City.

State Bank Region 10: includes 2 provinces: Khanh Hoa (Khanh Hoa + Ninh Thuan), Lam Dong (Lam Dong + Binh Thuan + Dak Nong). Headquarters in Khanh Hoa province.

State Bank of Vietnam Region 11: includes 2 provinces: Dak Lak (Dak Lak + Phu Yen), Gia Lai (Gia Lai + Binh Dinh). Headquarters in Dak Lak province.

State Bank of Vietnam Region 12: includes 2 provinces: Hung Yen (Hung Yen + Thai Binh), Bac Ninh (Bac Ninh + Bac Giang). Headquarters in Hung Yen province.

State Bank of Vietnam Region 13: includes 2 provinces: Dong Thap (Dong Thap + Tien Giang), Tay Ninh (Tay Ninh + Long An). Headquarters in Dong Thap province.

State Bank of Vietnam Region 14: includes 2 provinces/cities: Can Tho City (Can Tho + Hau Giang + Soc Trang), Vinh Long (Vinh Long + Ben Tre + Tra Vinh). Headquarters in Can Tho City

State Bank of Vietnam Region 15: includes 2 provinces: An Giang (An Giang + Kien Giang), Ca Mau (Ca Mau + Bac Lieu). Headquarters in An Giang province.

This arrangement ensures geographical and traffic suitability, facilitates management and direction activities in localities, and does not increase the number of regional State Bank offices compared to the present.

Source: https://vietnamnet.vn/sau-sap-nhap-cap-tinh-chi-nhanh-nhnn-thay-doi-the-nao-tu-1-7-2413403.html