Also attending the meeting were Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch, along with representatives of nearly 30 member organizations in the Southern region and leaders of the VNBA Standing Agency's departments.
Dr. Nguyen Quoc Hung, Vice President cum General Secretary of VNBA
Speaking at the meeting, Dr. Nguyen Quoc Hung congratulated and commended the 2024 performance of the Southern member organizations, and acknowledged and highly appreciated the companionship of the Southern members in their positive and effective contributions in policy commenting and criticism. He also informed about some outstanding activities of VNBA in 2024.
Accordingly, VNBA has commented on dozens of drafts/projects of legal documents and dozens of drafts of decrees, circulars and other documents... In addition, VNBA also organized many seminars to comment 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.
VNBA also performs well the function of protecting the legitimate rights and interests of member organizations, while supporting member organizations to promptly resolve difficulties and obstacles in the process of operation. Thanks to that, VNBA is also recognized by member organizations and concerned ministries and branches to seek opinions.
Recently, VNBA has been developing three draft operational documents, including the Code of Conduct for One-Way Outward Remittance Transactions; Procedures for coordinating support for handling accounts and cards related to transactions suspected of fraud; and a Handbook for cross-border payments using QR codes. In addition, VNBA is also coordinating with the International Finance Corporation (IFC) to develop a “Code of Conduct for Debt Collection Activities” as well as a “Guideline for Out-of-Court Debt Restructuring” so that credit institutions have more “handbooks” to apply in debt collection activities in a more civilized, convenient and effective manner. The set of rules on one-way remittance transactions abroad has been completed and issued, effective from March 15, 2025. In addition, VNBA has also sent many documents to the State Bank and competent authorities to handle cases related to the operations of credit institutions, demonstrating a high sense of responsibility in protecting the rights and legitimate interests of VNBA member organizations.
VNBA's communication work has been consistent with the reality of timely and rapid communication, with great spread. VNBA's Information portal and the Financial and Monetary Market Magazine have also gradually improved their efficiency and quality, attracting more and more readers. VNBA has also released its weekly Economic - Financial - Monetary Newsletter, contributing to supporting communication work for member organizations. Currently, the English website on the VNBA portal is on trial to enhance external information.
Regarding training, in 2024, based on the registration of training needs of credit institutions nationwide, VNBA 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 classes reaching 10,000 people....
Membership work is focused on, VNBA regularly pays attention, grasps the situation, promptly encourages, shares and finds measures to coordinate, support, and meet the needs of member organizations. In 2024, it has implemented the admission of ICBC Bank - Hanoi branch as a member and in the coming time, it will continue to exchange information with a number of foreign banks that are interested in joining VNBA.
Regarding the plan for 2025, Dr. Nguyen Quoc Hung said that he will continue to promote policy comments and criticism, including continuing to closely follow the proposals of credit institutions in legalizing Resolution 42/2017/QH14 on debt settlement. Communication work has also been innovated, promoting communication about video content on social networking sites (fanpage, youtube, tiktok...) about warnings about risks in payment and card activities; providing guidance on issues related to lending, deposits... VNBA will also reorganize its membership to ensure that membership activities are increasingly more substantial. Dr. Nguyen Quoc Hung also assigned the VNBA Representative Office in Ho Chi Minh City as the focal point, continuing to work closely with members; proactively grasping difficulties and obstacles, developing seminar and discussion programs associated with the activities of credit institutions; Coordinate with Southern members and competent authorities in Ho Chi Minh City in reviewing and handling pending enforcement cases, ensuring the rights of member credit institutions; Proactively synthesize proposals and recommendations from members to prepare a written report to the Board of Directors of the Banking Association as well as send recommendations to agencies and departments in Ho Chi Minh City.
VNBA has clearly demonstrated its role in providing comments and feedback
Speaking at the meeting, Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City Branch, said that the Banking Industry in 2024 is considered a successful year for monetary policy management in the context of complex and unpredictable market developments, difficulties caused by natural disasters and multi-dimensional impacts of the world economy that have permeated the economy, especially interest rates, exchange rates, and gold prices. The State Bank and credit institutions have fully identified the difficulties and challenges in the fields of currency, credit and banking activities, proactively proposed and implemented creatively, promptly, and responsibly the assigned tasks.
Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch
On the part of the Banking Association, in 2024, with the motto of closely following the directions of the Government and the Banking Industry, it has called on members in general and commercial banks in particular to comply with the provisions of law; seriously and responsibly implement the direction of the Government and the State Bank to support businesses, maintain stable operations, contribute to stabilizing the macro economy and controlling inflation.
ACB representative at the meeting
At the meeting, representatives of members such as ACB, Eximbank, Nam A Bank, VIB, Sacombank, MoMo... had enthusiastic and frank opinions on the "hot" issues that organizations are facing. In particular, the most prominent issues were issues related to letters of credit L/C; credit growth and capital support for key industries, capital supply in production and business chains; promoting electronic lending mechanisms; digital signature issues...
Exim bank representative at the meeting
Concluding the meeting, Dr. Nguyen Quoc Hung acknowledged and highly appreciated the opinions of the representatives of member organizations and said that, with the 16 issues that members commented and recommended, the Banking Association will synthesize, evaluate, and classify them to make recommendations to the State Bank and relevant ministries and branches. Dr. Nguyen Quoc Hung also requested that member organizations continue to actively participate in the activities of VNBA, actively participate in giving opinions, building policies as well as communication and training work.
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