VDB needs to take science, technology, knowledge and high-quality labor resources as driving forces for development.

(Chinhphu.vn) - Comrade Ho Duc Phoc requested the Party Committee of VDB Bank to synchronously implement solutions to arrange and restructure the organizational apparatus, enhance the application of science and technology, innovation, digital transformation, improve the quality of human resources, increase labor productivity, successfully build the Information Technology Modernization Project, taking science, technology, knowledge and high-quality labor resources as the driving force for development.

Deputy Prime Minister Ho Duc Phoc attended and delivered a keynote speech at the 4th Congress of the Party Committee of the Vietnam Development Bank (VDB), term 2025-2030 - Photo: VGP/Tran Manh

Gradually affirming its role and mission as the Government 's policy bank.

On August 6th, Deputy Prime Minister Ho Duc Phoc attended and delivered a keynote address at the 4th Congress of the Party Committee of the Vietnam Development Bank (VDB), for the term 2025-2030.

The Congress was attended by 117 delegates, representing nearly 1,000 party members throughout the Party Committee. These delegates were outstanding individuals, embodying the intellect, political acumen, and unity of the Party Committee. Member of the Politburo, Secretary of the Party Committee of the Government, and Prime Minister Pham Minh Chinh sent a congratulatory floral arrangement.

In his opening remarks, Mr. Le Van Hoan, Member of the Executive Committee of the Government Party Committee, Secretary of the Party Committee of the 3rd term, and Chairman of the Board of Directors of the Vietnam Development Bank (VDB), stated that during the past term, the Party Committee of the Vietnam Development Bank (VDB) had led the Party Committee through difficulties and challenges, maintained operational stability, and basically achieved the goals set forth in the Resolution of the 3rd Congress, term 2020-2025.

The Party Committee focused on leading and directing the unit to actively implement political tasks, with a focus on effectively implementing the restructuring plan in accordance with the Politburo's orientation and the Government's direction: the organizational structure was gradually streamlined, improving operational efficiency; significant results were achieved in handling bad debts, especially in expanding investment credit financing activities, gradually affirming VDB's role and mission as an investment finance institution and a policy bank of the Government.

Entering a new term, amidst significant fluctuations in the domestic and global economies, VDB must strive for strong innovation, develop its operational capacity, enhance its competitiveness, and adapt its operating methods to international standards and best practices, in line with the trends of the times. Simultaneously, it must accelerate the implementation of its restructuring plan to ensure truly effective, safe, and sustainable operations; and to be more proactive and resilient throughout its development.

Deputy Prime Minister Ho Duc Phoc congratulates the Party Congress of the Vietnam Development Bank - Photo: VGP/Tran Manh

According to the Political Report, for the 2020-2025 term, VDB will ensure the stability of the system's operations, guarantee capital utilization needs; focus all resources on implementing the restructuring plan for the 2019-2021 period and the restructuring plan and operational orientation of VDB for the 2023-2027 period...

VDB has focused intensely on debt recovery. In 2024 and the first six months of 2025, VDB implemented new project loans under Decree 78/2023/ND-CP; outstanding loans in the first six months of 2025 increased by 0.2% compared to the end of 2024. The difference between revenue and expenditure has improved significantly year by year. During the period 2022-2024 and projected for 2025, the annual difference between revenue and expenditure is expected to be positive and trending upwards, achieving the target set in the Resolution of the Party Congress of the Vietnam Development Bank for the 2020-2025 term.

Following the Prime Minister's directives, in the 2020-2021 period, VDB reduced the number of transaction offices and branches to 30 and the number of departments at the head office to 14 by the end of 2021. By 2025, after the restructuring, VDB will have 12 units under the Development Bank and 29 branches/transaction offices.

Over the years, Party building work within the Party Committee has achieved many outstanding results. The VDB Party Committee has led and directed subordinate Party branches and committees to innovate methods and improve the leadership capacity of Party committees; effectively carried out political and ideological education, and professional ethics education, considering it a central task to help cadres, Party members, and employees raise awareness, always feel secure and confident in the leadership, direction, and sustainable development of the system, thereby creating consensus throughout the system.

Deputy Prime Minister Ho Duc Phoc urged the VDB Party Committee to strive, unite, innovate, overcome all difficulties and limitations, and implement many key breakthrough solutions to ensure VDB's sustainable development and improve the income and living standards of its officials and employees. - Photo: VGP/Tran Manh

Unity, innovation, and the implementation of key breakthrough solutions are essential for VDB's sustainable development.

In his address to the Congress, Deputy Prime Minister Ho Duc Phoc stated that this Party Congress is an extremely important political event, reflecting the spirit of innovation and creativity in the new era, the era of national progress, and that the Congress will set the direction for VDB's development in the coming period.

The central report of the VDB Party Committee presented at the congress was prepared with a high sense of responsibility, demonstrating the determination, decisiveness, and effectiveness of all Party members and employees throughout the Vietnam Development Bank system.

Deputy Prime Minister Ho Duc Phoc emphasized: During the past term, the world, region, and domestic situations faced many challenges, especially the COVID-19 pandemic, natural disasters, floods, and difficulties caused by the impact of the global economy. However, under the guiding light of the Resolution of the 13th National Congress of the Party, the leadership of the Politburo, the Central Committee, and the Government, our country's socio-economic situation has achieved many great achievements.

Specifically, the economy experienced high growth, budget revenue consistently exceeded projections, public debt decreased, exports and imports increased significantly, and there was a large trade surplus. The balances of the economy were maintained. Basic socio-economic indicators exceeded and met the set targets.

Specifically, in 2024, Vietnam's GDP growth reached 7.09%, and in the first six months of 2025, it grew by 7.52%. The CPI in 2024 reached 3.63%, budget revenue reached 2,043 trillion VND. Import and export turnover reached 786.29 billion USD. Public debt decreased to 36%, and the budget deficit was low, only reaching 3.6% of GDP...

For the Vietnam Development Bank, during the past term, the bank has gradually overcome difficulties. The bank's Party Committee has decisively directed the implementation of solutions and conclusions of the Politburo and directives of the Government.

The bank has effectively controlled credit quality, not only avoiding the 발생 of bad debts but also reducing the bad debt ratio by over VND 16,000 billion compared to December 31, 2021. Accumulated losses have decreased by VND 4,500 billion, or 56%. Revenue and expenditure have been balanced, and capital has been supplied to the economy.

The Party Committee of the bank has demonstrated strong unity, consensus, and agreement, and has continuously innovated and developed throughout the past term.

The Vietnam Development Bank is a policy bank serving the State's investment and development needs, implementing preferential credit programs to support businesses, investing in essential sectors, and promoting socio-economic development in areas assigned by the Government.

Therefore, the arduous task requires the Party Committee to strive, unite, innovate, overcome all difficulties and limitations that the central report has pointed out at today's Congress, and implement many key breakthrough solutions to ensure the sustainable development of the Vietnam Development Bank, improving the income and living standards of its staff and employees.

Photo: VGP/Tran Manh

Focus on successfully implementing the restructuring plan of the Vietnam Development Bank.

The Standing Committee of the Government Party Committee unanimously appreciated the quality of the draft documents submitted by the Party Committee to the congress and the Party Committee's dossiers submitted to the congress, including the personnel plan.

Comrade Ho Duc Phoc further emphasized several issues regarding the assessment of the situation, objectives, tasks, and solutions for the Party Committee's work in the 2025-2030 term, so that delegates could discuss and contribute to clarifying the situation, tasks, and solutions; thereby making accurate decisions on the goals to strive for.

Firstly, focus on building a highly united, clean, and strong Party organization, enhancing the leadership capacity and fighting strength of Party organizations, Party committees, cadres, and Party members, and effectively carrying out Party building tasks, identifying this as a key task that determines the successful implementation of the term's objectives.

Secondly, direct the implementation of restructuring, innovation, and improvement of operational efficiency; focus on successfully implementing the restructuring plan of the Vietnam Development Bank for the period 2023-2027 according to the conclusions of the Politburo and Decision 90 of the Prime Minister…

Implement synchronized solutions for reorganizing the organizational structure, strengthening the application of science and technology, innovation, digital transformation, improving the quality of human resources, increasing labor productivity, successfully developing the Information Technology Modernization Project, and using science, technology, knowledge, and high-quality labor as the driving force for the development of the bank.

Thirdly, focus on decisively and effectively implementing and successfully completing the targets and tasks for 2025-2030, with a focus on achieving the credit growth target for 2023-2027 according to the restructuring plan approved by the Prime Minister, increasing by 3-5% in the 2023-2025 period and an additional 10% in the 2026-2027 period.

We propose that the Vietnam Development Bank actively seek effective projects, aiming for over 50 trillion VND in signed contracts and disbursement of approximately 40 trillion VND during the 2025-2030 period.

Fourth, improve forecasting, develop development strategies, regularly research, evaluate, and make timely adjustments during the integration process, build corporate culture, build the bank's brand, unleash potential, and encourage a sense of ownership, initiative, and efficiency among employees.

Fifth, continue to innovate the Party's leadership methods to meet the requirements of development and innovation in the bank; research, revise, supplement, and improve the working relationship between the Party committee and the Board of Directors, the executive board, and within each unit. Innovate and enhance leadership capacity, and resolve difficulties and obstacles in the operational process.

Tran Manh

Source: https://baochinhphu.vn/vdb-can-lay-khoa-hoc-cong-nghe-tri-thuc-and-nguon-lao-dong-chat-luong-cao-lam-dong-luc-phat-trien-102250806145048683.htm