Affirming the role of 'Bank of people's credit funds'

Over 26 years of development, the Vietnam Cooperative Bank has contributed to promoting the people's credit fund system (PCF) to grow, becoming a driving force for hunger eradication, poverty reduction and actively contributing to the socio-economic development of the agricultural and rural areas in accordance with the policies of the Party and the State.

Up to now, the system of credit institutions (CIs) is cooperatives in Vietnam including the Vietnam Cooperative Bank and nearly 1,200 People's Credit Funds operating in 57/63 provinces and cities, serving more than 1.6 million members who are individuals and households in agricultural, rural, remote, disadvantaged areas with difficulty accessing banking and financial services.

Vietnam Cooperative Bank deploys many modern banking products and services to the People's Credit Fund and customers.

Vietnam Cooperative Bankoperates under the cooperative model with the main objective of linking, supporting and enhancing the efficiency of the operation of the People's Credit Fund system; Acting as the focal point and playing the role of capital regulation for the People's Credit Fund system.

Up to now, Vietnam Cooperative Bank has its headquarters in Hanoi with 32 branches and 66 transaction offices, serving and supporting nearly 1,200 QTDND members spread across all regions of the country.

As a bank with up to 99% of State capital support, Vietnam Cooperative Bank has been affirming its position and role as "Bank of People's Credit Funds", always accompanying the cause of agricultural, farmer and rural development, making many positive contributions to promoting the process of economic restructuring and new rural construction.

Accordingly, the Vietnam Cooperative Bank has continuously improved its operations to meet the needs of the People's Credit Fund in receiving deposits and lending to regulate capital; lending to handle temporary liquidity difficulties, and lending to expand credit.

At the same time, it has provided modern banking services such as payment, CF-eBank electronic money transfer, ATM cards, overdraft cards... connecting nearly 700 QTDNDs, with nearly 1,000 payment transaction points of the Cooperative Bank of Vietnam nationwide, contributing to the good implementation of the policy of the Government and the Governor of the State Bank of Vietnam on non-cash payments; guiding and training in banking operations, information technology; supporting internal audit work, personnel of QTDNDs when requested; consulting on all aspects of QTDNDs' operations...

In addition, the Vietnam Cooperative Bank has also deployed many other products and services for the People's Credit Funds such as: overdraft loans, syndicated loans, etc.

Customers transact at the ATM of the Cooperative Bank of Vietnam.

The role of “Bank of People’s Credit Funds” is also demonstrated through the work of inspecting People’s Credit Funds according to the plan of the State Bank; organizing the printing and issuance of blank savings books; improving the management and use of the system safety guarantee fund in a proactive and effective manner to support People’s Credit Funds in difficulty. Proactively advising and recommending to the Governor of the State Bank of Vietnam on mechanisms and policies to perfect the legal framework regulating the model, organization and operation of the Vietnam Cooperative Bank and the People’s Credit Fund system.

In addition to its role in supporting the People's Credit Funds, the Vietnam Cooperative Bank also conducts currency and credit business and provides other banking services to individual and corporate customers such as: capital mobilization, lending, e-banking, domestic payment cards, discounts, guarantees, salary payments via accounts...

Not only doing well in its business tasks, Vietnam Cooperative Bank also actively participates in social security work with many projects and sponsorship programs across the country, demonstrating its sense of responsibility towards the community, actively contributing to the implementation of the National Target Program on sustainable poverty reduction and new rural construction according to the policies of the Party and State of Vietnam.

Headquarters of the Cooperative Bank of Vietnam, Nghe An branch.

Vietnam Cooperative Bank has cooperative relations with many domestic and international organizations. Participates in implementing many credit projects and technical assistance with international partners such as: WB, ADB, AFD, ICO, JICA, GIZ, DID... Member of the World Council of Credit Unions (WOCCU); member of the Asian Association of Credit Unions (ACCU); member of Proxfin; member of the Vietnam Cooperative Alliance; member of the Vietnam People's Credit Union Association.

With its achievements, the Vietnam Cooperative Bank has been honored to receive many Medals, Certificates of Merit, and emulation titles from the Prime Minister, the Governor of the State Bank of Vietnam, the Vietnam Cooperative Alliance, and has affirmed its solid position in the hearts of the people, customers, and domestic and international partners.

In Nghe An, the Cooperative Bank of Vietnam currently has a Nghe An branch, located at No. 4, Duong Van Nga Street, Hung Phuc Ward, Vinh City, Nghe An Province.

The Nghe An branch of the Vietnam Cooperative Bank focuses on supporting 59 People's Credit Funds in Nghe An province, has done a good job in regulating capital and supporting People's Credit Funds, deserving the title of "Bank of People's Credit Funds" in the area. At the same time, the branch has also completed its business tasks well, providing banking products and services to businesses and individuals in the province.

Mr. Quan