On March 25, Party Central Committee member and Deputy Prime Minister Ho Duc Phoc met with ministries and branches on the operational situation and drafted a Decree regulating the organization and operation of the Vietnam Development Bank (VDB).
Regarding VDB's operations, Deputy Minister of Finance Nguyen Duc Chi said that as of March 20, the total capital of this bank was VND 203,075 billion (up 1.54% compared to the end of 2024, down 18.3% compared to the end of 2021), of which equity capital was VND 16,616 billion, mobilized capital was VND 78,621 billion.
As of March 20, VDB's total outstanding credit balance reached VND161,540 billion, of which outstanding investment credit balance reached VND38,380 billion.
VDB also resolutely focuses on urging debt collection. From the end of 2021 to now, VND 33,676 billion in principal and VND 14,946 billion in interest have been recovered, basically achieving the annual delivery plan.
Reporting at the meeting, VDB Chairman Le Van Hoan said that in recent times: The Bank has implemented a series of solutions, reviewed the restructuring plan, established more specialized groups on information technology, organizational structure and corporate culture.
Regarding the apparatus structure, this month, VDB will streamline 2 units in the Department. For branches, VDB is developing a plan based on the merger of some provinces and cities in the direction of not increasing branch units (currently there are 30 branches in localities).
Concluding the meeting, Deputy Prime Minister Ho Duc Phoc stated: Decision No. 90/QD-TTg approving the restructuring plan and operational orientation of VDB for the 2023-2027 period stipulates that VDB must have 4 reports per year on the contents specified in the decision.
By 2027, it must be summarized to issue to competent authorities to decide whether VDB's model will be transferred to a commercial bank or continue to be a policy bank.
The Deputy Prime Minister suggested that VDB focus on implementing 6 important contents including: Restructuring the organizational apparatus; new lending activities; debt collection and bad debt handling; effectively managing and using investment capital for key projects; implementing the conclusions of inspections, examinations, audits; improving the effectiveness of coordination with ministries, branches, localities, and relevant agencies.
The Deputy Prime Minister also requested the State Audit to conduct an audit at the nearest time to have data to report to the Politburo on the restructuring period of VDB.
The Deputy Prime Minister suggested that, in addition to continuing to implement new lending such as social housing lending, lending to key national projects, VDB needs to aim to implement lending according to Resolution 57-NQ/TW of the Politburo; study the lending mechanism under entrustment...
The Deputy Prime Minister also suggested that VDB focus on debt collection, especially long-term bad debts that are difficult to recover; study and replicate successful new management models; take effective measures to handle surplus facilities during the restructuring process; and request the Ministry of Finance to create conditions for VDB to participate in serving ODA projects.
