Institutional Unity and Policy Advocacy
A core task emphasized by the leaders of both associations is close cooperation in policy advocacy. As the Law on Credit Institutions 2024 is implemented, the PCF system faces new requirements regarding risk management, credit limits, and information disclosure. The collaboration between VNBA—leveraging the governance expertise of major commercial banks—and VAPCF—with its specialized understanding of the cooperative model—will ensure that recommendations submitted to the State Bank of Vietnam are highly practical. This ensures that guiding circulars are not only rigorous in terms of management but also provide sufficient space for PCFs to develop sustainably.
Knowledge Sharing and Governance Capacity Building
Synergy is also demonstrated through the sharing of training resources and practical experience. VNBA plays the role of a "mentor" in transferring modern governance standards, debt resolution skills, and financial fraud prevention methods to the PCF system. Conversely, through VAPCF, VNBA's member banks can gain a deeper understanding of the needs and characteristics of the rural market to design appropriate chain financing or refinancing products. This intersection helps bridge the gap in technology and governance levels between different types of credit institutions, thereby minimizing systemic risk.
Digitalizing Rural Finance: Challenges and Opportunities
In the banking industry's digital transformation roadmap through 2026, PCFs remain a "technological depression." Support from VNBA, by connecting Fintech companies and digital banking solutions, will help PCFs modernize their operational processes. Jointly deploying non-cash payment platforms in rural areas not only increases transparency but also helps the Funds control cash flows more effectively. This is the key factor in enhancing the competitiveness of the PCF system against the encroachment of online financial applications.
Protecting Members and Stabilizing Market Confidence
Finally, the alliance between VNBA and VAPCF acts as a "shield" protecting the general reputation of the banking industry. In the event of localized incidents at certain PCFs, communication coordination and professional support from VNBA will help guide public opinion, preventing negative herd mentality from spreading to the entire system. Establishing a joint crisis management mechanism is an essential step to maintain the stability of the financial and monetary market in all situations.
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