On June 24 Vietnam Banks Association (VNBA) held a conference to outline its activities during the period 2011-2015 and set plans for 2016-2019. At the conference, BIDV Chief Executive Officer Phan Duc Tu was appointed as the new chairman of the association.

​From 2011-2015, VNBA played an important role in connecting members by organising activities including a conference and seminar. The association listened to and collected recommendations and suggestions from members to submit to the State Bank of Vietnam (central bank) in order to help complete mechanisms and provide measures to support the market.

VNBA plays an active and critical role in the process of forming legal documents related to banking activities in order to create a relatively complete policy mechanism, relevant to a market-oriented economy.

Throughout the next working period of 2016 – 2019, the association will focus on effectively connecting members with state management agencies, presenting concerns and issues to the relevant authorities in order for them to propose solutions. In addition, the association will promote information and communication activities and enhance training and international cooperation. As well as Phan Duc Tu’s new role as chairman, former State Bank Deputy Governor Nguyen Toan Thang has been appointed as general secretary of the association.