On the morning of March 14th, Prime Minister Pham Minh Chinh and Deputy Prime Minister Le Minh Khai chaired a conference to implement the monetary policy management tasks for 2024, focusing on removing difficulties for production and business activities, promoting economic growth and macroeconomic stability.
Speaking at the conference, HDBank’s Deputy Chairman of the Board of Directors, Nguyen Thi Phuong Thao, said that in 2024, the banking sector continues to support businesses and individuals in overcoming difficulties, developing production and business, and supporting economic development. The State Bank of Vietnam has timely provided credit quotas from the beginning of the new year.
However, the growth of credit in the banking sector in the first two months of the year was still low, and the ability to absorb capital by businesses and individuals remained difficult.
HDBank has proactively balanced its capital sources since 2023, complying with the regulatory limits to have a large room for growth this year. In addition, at the beginning of the year, the entire system has implemented the credit growth targets set by the State Bank of Vietnam, with the goal of providing timely capital for businesses and individuals to develop production and business and stimulate credit demand.
As a result, credit has still grown quite positively in the first months of the year, with an HDBank’s ratio of 2.71% and a total outstanding balance of 346 trillion dong.
Photo VGP/Nhat Bac
At the conference, HDBank’s leaders recommended 5 issues:
First
, credit growth should go hand in hand with reviewing financial policies, waiving, reducing, extending taxes, fees, charges, and land rents to support individuals and businesses; adjusting personal income tax rates to “save people’s strength” and increase consumption capacity.
Second
, HDBank proposes that the Government’s Working Group, Ministries, and Local Authorities, together with the banking sector, strongly implement measures to remove obstacles in licensing procedures for businesses to implement investment projects in real estate and production and business fields, create employment opportunities and thereby support credit disbursement.
Third
, it is necessary to restore trust as soon as possible for the corporate bond market to develop again, in addition to capital from banks for businesses and projects with long-term and sustainable capital sources.
Fourth
, support the agricultural and rural lending areas, women, startups, and the labor-intensive sector, relax regulations on asset collateral for debt repayment sources.
Fifth
, HDBank believes that the banking industry is a place where comprehensive economic activities are concentrated, so all different economic sectors should gather together under organizations such as associations, conferences combining sectors such as airlines, tourism, real estate, services… Under the direction and guidance of the Government, the State Bank of Vietnam, we believe that we will succeed.
In 2024, HDBank is actively implementing credit growth solutions towards the right targets, committing to always trust, take the lead in responding to programs of the Government and the State Bank of Vietnam, promptly meet the credit capital needs of the economy, continue to increase credit to priority sectors and economic growth drivers in accordance with the direction of the Government and the Prime Minister…
