According to the State Bank, after more than 3 decades of formation and development, the People's Credit Fund system has been gradually expanded and consolidated, playing an important role in providing banking services in rural areas, actively contributing to poverty reduction, contributing to the development of local socio -economy, agriculture, rural areas and supporting social security at the grassroots level.
However, the development of the QTDND system has revealed some shortcomings and limitations such as weak financial, management and operational capacity, and loose system connectivity. Therefore, the State Bank has focused on researching, developing and completing the draft Project "Overall restructuring of the State Bank and Cooperative Bank system in the period of 2025-2030, with a vision to 2045". The objective of the Project is to propose comprehensive and breakthrough solutions to comprehensively restructure the cooperative credit institution system, in accordance with practical requirements and development orientations in the new period.
The workshop recorded many opinions and proposals from delegates related to the operation of the People's Credit Fund and Cooperative Credit Fund system. The focus was on repositioning the People's Credit Fund's operational segment within the overall credit institution system; researching and promulgating a separate Law on cooperative credit institutions, enhancing the management, operation and financial capacity of the People's Credit Fund and Cooperative Credit Fund.
Delegates also proposed solutions to fundamentally innovate the People's Credit Fund system, enhance the system connectivity between People's Credit Funds and Cooperative Banks, as well as arrange the operating areas of People's Credit Funds in conjunction with the process of rearranging commune-level administrative units.
Concluding the workshop, Mr. Doan Thai Son, Deputy Governor of the State Bank of Vietnam, emphasized: The contributions at the workshop are important information for the State Bank of Vietnam to continue to complete the draft Project, ensuring that the Project's content is closely aligned with reality and submitted to competent authorities. At the same time, it will facilitate the implementation of the Project later. In the coming time, the State Bank of Vietnam also hopes to receive the attention and cooperation of ministries, branches and localities in directing and managing the People's Credit Fund and Cooperative Banks system in general and in implementing the Project after approval.
MINH HUYEN
Source: https://baocantho.com.vn/tai-co-cau-he-thong-quy-tin-dung-nhan-dan-va-ngan-hang-hop-tac-xa-viet-nam-giai-doan-2025-2030-a188479.html
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