Vietnam Banks’ Association (VNBA) has successfully organised the 6th Term Conference on 24 June 2016 in Hanoi to begin the new term of 2016-2019. The Conference was well attended by Mr. Nguyen Phuoc Thanh – Deputy Governor of State Bank of Vietnam (SBV), together with representatives from Ministry of Home Affairs, Ministry of Justice, Vietnam Chamber of Commerce and Industry (VCCI), senior leaders from departments of SBV and institutional members of VNBA.
The Conference affirmed the important contributions of VNBA members to meeting the capital demands required to grow the Vietnamese economy, control inflation and stabilise the macro-economy as well as their progress in enhancing competitiveness to meet the requirements of sustainable development and international integration. Deputy Governor of SBV Mr Nguyen Phuoc Thanh expressed his deep appreciation for the contribution by VNBA over the last term period. In particular, their excellent performance in connecting members with governmental authorities as well as protecting their members’ legitimate rights & benefits.
Over the last term of 2011-2015, from the numerous and diversified activities such as organising meetings, workshops, seminars and conferences with the participation of multi stakeholders, VNBA was able to gather and synthesize their institutional members’ feedbacks and suggestions to improve banking policies and legal frameworks. Majority of the VNBA's proposals and suggestions which improves the banking sector were taken up by governmental authorities and operationalised in the legal documents related to the banking area as well as other fields, and thence contributing to the strengthening and enhancing the legal system.
The Deputy Governor also stated that in the current context of Vietnam’s banking sector of opening and deepening in the integration with international markets; not only brings major opportunities and benefits but also significant risk and challenges to financial institutions in Vietnam. This will certainly require VNBA to upskill their operations to further promote their role in supporting their members in specific and general challenges in the banking sector.
During the upcoming 6th term of 2016-2019, VNBA will focus on (i) further promoting the connection between members, (ii) improving their voice with authority agencies, (iii) promoting local and international cooperation, (iv) expanding the membership across the country, (v) strengthening internal operations system and developing human resources, and (vi) boosting more engagement of members in the association’s activities.
To achieve these objectives set out for Term VI period from 2016-2019, a new Council of the Association was elected. This comprises of 11 members and a Supervisory Committee which includes 3 members. The Council has elected Mr. Phan Duc Tu – CEO of JSC Bank for Investment and Development of Vietnam (BIDV) as Chairman of VNBA and Mr. Nguyen Toan Thang – Former Deputy Governor of State Bank of Vietnam as Secretary General of VNBA.