Merging the State Bank branches in Ha Tinh, Nghe An and Quang Binh into regional branch 8

Implementing Resolution No. 18-NQ/TW, dated October 25, 2017 of the 12th Party Central Committee "Some issues on continuing to innovate and reorganize the apparatus of the political system to be streamlined and operate effectively and efficiently", the State Bank of Vietnam (SBV) has established regional SBVs nationwide; merged SBV branches, from 63 SBV branches in provinces and cities into 15 regional SBV branches.

In which, the State Bank branches in Ha Tinh, Nghe An and Quang Binh provinces will be merged into the State Bank branch in Region 8 according to Decision No. 308/QD-NHNN dated February 24, 2025 of the Governor of the State Bank of Vietnam on the establishment, regulations on functions, tasks, powers and organizational structure of the State Bank branch in Region 8.

State Bank Region 8 Branch (hereinafter referred to as State Bank Region 8) under the State Bank of Vietnam was established on the basis of merging State Bank provincial branches: Ha Tinh, Nghe An and Quang Binh.

Location and function:

State Bank Region 8 is an administrative organization under the organizational structure of the State Bank, headquartered in Ha Tinh city, Ha Tinh province. State Bank Region 8 is a dependent accounting unit, has a balance sheet according to the provisions of law, has its own seal and is allowed to use 2 additional seals for operations in the provinces: Nghe An and Quang Binh.

State Bank Region 8 has the function of advising and assisting the Governor of the State Bank in performing State management of currency, banking and foreign exchange activities in the provinces of Ha Tinh, Nghe An, Quang Binh and performing a number of Central Bank operations under the Governor's authorization.

State Bank Region 8 maintains operations in Nghe An province and Quang Binh province to facilitate the management of monetary circulation, payment, inspection, and supervision of the operations of credit institutions (CIs) and CI branches in the area.

Duties and powers:

The State Bank of Region 8 is responsible for performing the functions and tasks specified in Article 3 of Decision No. 308/QD-NHNN dated February 24, 2025; basically, the State Bank of Region 8 takes over all the tasks and powers of the previous provincial and city branches of the State Bank and only changes the scope and management area (including 3 provinces: Nghe An, Ha Tinh and Quang Binh), so in serving people and businesses, there is no change, always ensuring continuity and smoothness, and the State Bank of Region 8 continues to carry out Bank - Business connection activities in the area as the State Bank of provinces and cities have done.

“

State Bank Region 8 has an organizational structure including the following units:
-General Department.
-Regional State Bank Inspectorate.
-Department of Management and Supervision of banks, foreign bank branches and other organizations (Department of Management and Supervision 1).
-Department of Management and Supervision of People's Credit Funds, Microfinance Institutions, Microfinance Programs and Projects (Department of Management and Supervision 2).
-Accounting and Payment Department.
-Currency Department - Treasury.
-Administrative and Human Resources Department.
The specific tasks of these units will be prescribed by the Director of the State Bank of Region 8.

Executive leadership:

State Bank Region 8 is headed by one Director, responsible to the Governor of the State Bank and the law for the branch's operations. The Director has Deputy Directors to assist him as assigned.
State Bank Region 8 officially came into operation from March 1, 2025.

Contact address: Address of State Bank Region 8:No. 22 Xo Viet Nghe Tinh, Bac Ha ward, Ha Tinh city, Ha Tinh province.

Address in Nghe An province:No. 01-03 Nguyen Sy Sach Street, Ha Huy Tap Ward, Vinh City, Nghe An Province.

Address in Quang Binh province:No. 01, Ly Thuong Kiet Street, Dong Hai Ward, Dong Hoi City, Quang Binh Province.