This reorganisation aligns with the directives from the Politburo and the Secretariat to streamline organisational structures, consolidating 63 provincial branches into 15 regional branches. Region 10 now encompasses the provinces of Khanh Hoa, Binh Dinh, Phu Yen, Ninh Thuan, and Binh Thuan, with its headquarters in Nha Trang.
As of late February 2025, credit institutions within Region 10 reported outstanding loans exceeding 446 trillion VND, accounting for over 25% of the North Central and Central Coastal regions’ total credit. The credit structure aligns with the region’s economic composition and development strategies.
To achieve a national credit growth target of 16%—translating to an additional 2.5 quadrillion VND compared to 2024—and to support a minimum national economic growth rate of 8% (with regional targets between 8% and 13%), the banking sector, particularly Region 10, must implement decisive measures.
Beyond ensuring adequate credit supply, collaboration with businesses and citizens is essential to stimulate demand. Strengthening the connection between credit supply and demand, as well as fostering bank-enterprise relationships, will help identify and address challenges promptly.
Region 10’s SBV branch plans to synchronise monetary policy and credit solutions, aligning with local socio-economic programs. Key initiatives include directing credit institutions to reduce deposit and lending interest rates, channelling credit into production, priority sectors, and growth drivers, and closely monitoring credit in potentially risky areas. Developing tailored credit products that align with each institution’s business strategy and resource capabilities is also a priority.
