People's Credit Fund Reporting Management System (PRMS)
People's
Credit Fund Reporting
Management
System (PRMS)
Co-opBank supports the operation of PCFs by strengthening supervision and safety oversight, while developing PRMS as a data-driven platform for system-wide governance.
Role of Co-opBank in the Supervision of PCFs
Co-opBank conducts inspection and supervision activities for PCFs to support regulatory oversight and ensure the safety and stability of the network.
Supporting Regulatory Oversight
Providing accurate and update data to support the State Bank of Vietnam's regulatory oversight, decision-making, and policy formulation.
Risk Prevention
Identify early warning signs and potential risks to enable timely intervention and appropriate corrective actions.
Strengthening Governance Capacity
Support PCFs in standardizing operational processes, improving operational efficiency, and strengthening governance and management capacity.
Safe and Sustainable Development
Promote the safe and sustainable development of PCFs network, safeguard depositors' interests, and contribute to local economic development.
PCF Supervision Activities
Co-opBank conducts inspections of PCFs at the request of the State Bank of Vietnam.
The number of PCFs inspected has increased over the years, reflecting efforts to strengthen the safety and resilience of the network.
Number of PCFs Inspected by Year
2019 – 2025 · Unit: PCFs / provinces, cities
No. of inspected PCFs
PCF Supervision Activities
Co-opBank conducts safety supervision of PCFs to support the State Bank of Vietnam in regulatory oversight, identify early potential risks and strengthen the safety of PCF operations.
Based on the collection and analysis of information and data to enable prevention and detection of risks.
Ensure compliance with regulation while maintain objectivity, transparency, and avoid disruption to PCF’s operation.
Integrate compliance-based supervision with risk-based supervision, combine supervision of individual PCFs with oversight the safety of PCFs network
Individual PCF Safety Supervision
Focuses on monitoring compliance with banking regulations, financial condition, asset quality, governance and management, and risk factors that affect the operations of individual PCF.
PCFs network Safety Supervision
Analyzes and assesses the financial health of the entire PCFs network to identify early risks that may affect overall stability, supporting the State Bank of Vietnam's regulatory oversight and identify support measures for PCFs.
People's Credit Fund Reporting Management System (PRMS)
What is PRMS?
- PRMS (People's Credit Fund Reporting Management System) is a centralized reporting management platform developed and implemented by Co-opBank.
- The system is designed to standardize, centralize, and modernize reporting, governance, and supervisory processes across the PCFs network.
Objectives of PRMS
- Standardize reporting practices across PCFs network in accordance with the regulations of SBV
- Establish a centralized and integrated database to support system governance, supervision, and decision-making.
- Enhance the transparency, timeliness, and accuracy of reporting information.
- Support the transition from manual reporting to data-driven governance.
What Value Does PRMS Deliver?
- Collect and manage reporting data from PCFs using a standardized reporting framework.
- Automate data consolidation and processing, reducing manual workload.
- Minimize reporting errors and enhance data accuracy and reliability.
- Support data analysis, benchmarking, and trend monitoring of PCF operations over time.
Benefits for PCFs
- Standardize reporting processes to meet regulatory requirements.
- Strengthen internal governance and adopt modern management practices.
- Enhance the ability to provide and utilize information for management.
- Improve operational efficiency and support sustainable development.
Role of PRMS for Co-opBank
- Provides a comprehensive overview of the PCFs’ operation.
- Supports Co-opBank enhancing capacity for network supervision.
- Affirms Co-opBank’s role as an apex institution and the developer of a shared governance infrastructure for PCFs network
PRMS - Supporting the Sustainable Development of the PCFs network
- PRMS is a key technology platform in the modernization roadmap for the governance of PCFs network.
- Through PRMS, Co-opBank and PCFs strengthen connectivity, coordination, and collaboration.
- Aims to build a safe, transparent, efficient, and sustainable PCFs network in the upcoming.
People's Credit Fund Reporting Management System (PRMS) - coopbank
