Attending the meeting were Vice Chairman cum General Secretary Nguyen Quoc Hung; Vice Chairmen Pham Quang Tung and Tran Van Tan, along with members of the Association Council, the Inspection Committee of VNBA and leaders of the VNBA Standing Agency's units.
At the meeting, the Association Council members unanimously approved the dismissal of Mr. Pham Duc An from the position of Chairman of VNBA, term VII (2020-2025) due to his new assignment as Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Quang Ninh province. At the same time, the Association Council Standing Committee considered and approved the proposal of the Association Council to assign 1 Vice Chairman to be in charge of the Association Council, performing the task of directing the activities of the Vietnam Banking Association during the time of completing the process of electing the Chairman of the Council of the Vietnam Banking Association, term VII (2020-2025) according to regulations.
Accordingly, 100% of the Council members approved the proposal of the Standing Committee of the Association Council, unanimously assigning Dr. Nguyen Quoc Hung - Standing Vice Chairman cum General Secretary of VNBA to be in charge of performing the tasks of the Chairman of the Association Council.
Reporting on the performance of VNBA in 2024, Dr. Nguyen Quoc Hung said that, with the motto of closely following the directions of the Government, the Banking Industry and the Resolution of VNBA; thoroughly grasping the goals and directions of operations, comprehensively innovating all aspects of work, standing side by side with member organizations, promptly proposing appropriate adaptation measures, overcoming difficulties, removing obstacles, calling on members in general and commercial banks in particular to comply with the provisions of law and seriously and responsibly implementing the directions of the Government and the State Bank to support businesses, maintain stable operations, contribute to stabilizing the macro economy and controlling inflation, the Banking Association has excellently completed its tasks in a comprehensive manner, contributing positively to the overall success of the whole Industry. Dr. Nguyen Quoc Hung affirmed that with high determination, actively implementing resolutions, plans and work programs; At the same time, making efforts and promptly handling arising tasks, VNBA has excellently completed all assigned tasks, its position and reputation have been enhanced both domestically and internationally.
Specifically, 2024 is the year that many amended and supplemented laws related to banking activities were passed by the National Assembly, including the Law on Credit Institutions (CIs). Accordingly, the Government, the State Bank and ministries and branches have issued many Decrees and Circulars to guide the above laws. The Banking Association has clearly demonstrated its role in providing comments and criticism on draft laws, decrees and circulars, especially in areas related to banking activities.
For the past year, VNBA has provided comments on 90 drafts/projects of legal documents (including 9 drafts/project documents, 70 guiding documents for the Law on Credit Institutions 2024, the Land Law 2024, the Housing Law 2023, the Law on Real Estate Business 2023; and dozens of draft decrees, circulars and other documents...), organized 41 seminars with many practical contents to provide comments on draft laws, decrees, circulars...
The Association's comment documents are all collected from responsible, dedicated and quality opinions from credit institutions, so most of the opinions are recorded and accepted.
The Banking Association has created close links with ministries, departments and branches, especially the Ministry of Justice, the Ministry of Finance... Thereby, all documents requesting comments are responded to in detail.
In addition, the Association has performed well the function of protecting the legitimate rights and interests of member organizations, as well as supporting member organizations to promptly resolve difficulties and obstacles in the process of operation.
The Association is also actively coordinating with members and functional units of the State Bank of Vietnam (SBV) to research and develop a number of conventions in banking activities, in order to create consensus and unity in implementation among TCHVs, such as: Code of Conduct for One-way Money Transfers Abroad; Procedures for coordinating support for handling accounts/cards related to transactions suspected of fraud, counterfeiting, and fraud; Handbook for providing, operating and using cross-border payment services using QR codes.
Regarding communication work, the Banking Association has recorded many improvements and innovations, contributing effectively to the dissemination of the State's legal policies and those of the banking sector, introducing products, services, and activities of member organizations, as well as the Standing Agency. The activities of the Financial and Monetary Market Magazine and the Association's Information Portal have gradually improved in efficiency and quality, attracting the attention of many readers. The Association has also launched and released a weekly Economic - Financial - Monetary Newsletter on a trial basis, contributing to supporting communication work for member organizations.
Regarding training, in 2024, based on the registration of training needs of credit institutions nationwide, the Association has grasped and implemented training programs that are close to the actual training needs of credit institutions. During the year, 48 training programs were organized (an increase of 126%), with the number of students participating in the classes being 10,000 people....
Regarding international cooperation, the Association has worked with many international organizations to exchange, listen and support international organizations to connect with management agencies and member organizations, contributing to expanding the ability to seek cooperation opportunities, bringing benefits to member organizations. At the same time, it has organized a number of direct survey delegations to a number of countries to learn from banking operations.
Speaking at the meeting, Ms. Vu Thi Hai Phuong, Member of the Association Council, Vice Chairwoman of the Board of Directors, Military Commercial Joint Stock Bank (MB) said that with the high economic growth orientation in 2025, the pressure on credit institutions will be very large. Meanwhile, last year, many amended and supplemented laws related to banking activities were passed, leading to credit institutions facing risks related to compliance with new regulations. In addition, risks related to cyber security, digital transformation, liquidity, etc. still exist. Therefore, credit institutions really need support from the Association to understand the law and ensure compliance with the provisions of the new law on credit institutions.
Regarding the development of common conventions, the MB representative strongly agreed and said that this is the Association's strength, helping credit institutions to unify and coordinate better. In addition, Ms. Vu Thi Hai Phuong also supported the proposal to establish a Risk Management Committee.
Mr. Pham Quang Thang, Member of the Association's Council, Deputy General Director of Techcombank, also emphasized the legal risks in terms of compliance in the context of many new regulations and laws being amended and issued, greatly affecting banking activities. Therefore, Mr. Thang suggested that the Association further promote communication work to understand the regulations correctly, while strengthening connections with member organizations. In return, members need to be responsible for actively participating and accompanying the Association in providing comments on legal documents.
Highly appreciating the efforts of the Banking Association in the past year, Ms. Phan Thi Thanh Binh, Member of the Association's Council, Deputy General Director of the Deposit Insurance of Vietnam (DIV), emphasized the support of the Vietnam Banking Association in communication work, especially on the occasion of the 25th anniversary of the establishment of the Deposit Insurance of Vietnam.
Ms. Phan Thi Thanh Binh also suggested that the Association continue to promote its strengths, increase the organization of conferences, seminars, and professional training for member organizations in 2025. In addition, the Vietnam Deposit Insurance will submit a draft amendment to the Law on Deposit Insurance this year, so it is in great need of the Association's support in terms of communication.
At the meeting, Mr. Nguyen Thanh Do, Member of the Association's Council, Vice Chairman of the Board of Directors of HDBank, expressed his wish that member organizations would increasingly connect, participate more actively and responsibly in the activities of the Vietnam Banking Association. At the same time, he suggested that the Association organize more seminars and talks related to topics such as digital banking, AI, policy framework for green credit, etc. to create conditions for credit institutions to learn from the experiences of international organizations.
Agreeing and appreciating the results achieved by the Banking Association, Mr. Nguyen Duc Thai Han, Member of the Association's Council, Deputy General Director of ACB also said that the position and prestige of the Association have been enhanced. The representative of ACB also shared the pressure of the Banking Association in participating in drafting and promulgating common conventions.
Souvenir photos
Acknowledging the role and great contributions of the Vietnam Banking Association, Mr. Pham Toan Vuong, Member of the Board of Members, General Director of Agribank affirmed that Agribank will continue to actively participate in the activities of the Association, be more responsible for the written comments, and contribute to the common voice of the Banking Association.
Sharing her opinion at the meeting, Ms. Pham Thi Huyen Trang, Deputy Director of Risk Management, representative of TPBank emphasized the important role of risk management in the operations of commercial banks, thereby agreeing to establish a Risk Management Committee. Representative of TPBank proposed that in 2025, the Association should continue to promote its strengths, have more practical activities, and support the activities of member organizations.
Concluding the meeting, Vice Chairman and General Secretary Nguyen Quoc Hung acknowledged the comments of the members of the Association's Board of Directors. The Vice President and General Secretary believes that with the foundations that have been built, together with the determination of the Association Council, the staff and employees at the Association's Standing Office, the trust and support of the TCHVs, the Vietnam Banking Association will continue to promote the achievements that have been made, firmly overcome all difficulties, strive to complete all tasks well, develop safely and sustainably, contribute to the overall results of the Banking industry and contribute to the successful implementation of socio-economic development targets.
Also at the meeting, delegates approved the report on the financial revenue and expenditure situation in 2024 and the plan for 2025; Report on the progress of the implementation of the headquarters repair; Plan to organize the Annual Conference and Congress for the 8th term (2025-2030).
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