The Prime Minister requests the Ministry of Public Security to tackle the manipulation of credit institutions
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Prime Minister Pham Minh Chinh has just signed and issued Directive No. 14 on deploying the task of implementing monetary policy in 2024, focusing on removing difficulties for production, business, promoting growth, and stabilizing the macroeconomy.
The Prime Minister requests the State Bank to strengthen the inspection, examination, control, and supervision of credit granting by credit institutions, and to immediately carry out the inspection and examination of the gold market, the activities of gold trading enterprises, stores, distributors, and buyers and sellers of gold bars. The Prime Minister also requests the完善 the inspection and examination system to ensure smoothness, connectivity from the central to local levels, and effectiveness.
Review, develop, and finalize the guiding documents for the Law on Credit Institutions in 2024 timely, to implement synchronously from July 1, 2024, when the Law on Credit Institutions takes effect.
Step up communication on the mechanisms and policies on monetary policy management and banking operations; focus on new policies and policies that directly affect people and businesses, such as policies on exchange rates, credit, interest rates, savings, borrowing, and payments, etc. This communication should be conducted through diverse and rich forms of communication, ensuring transparency and compliance with international commitments and legal regulations.
Preside over and coordinate with the Ministry of Agriculture and Rural Development and relevant ministries and sectors to evaluate the implementation results and propose amendments and supplements to Decree No. 55/2015/ND-CP dated June 9, 2015, and Decree No. 116/2018/ND-CP dated September 7, 2018, of the Government on credit policies for agricultural and rural development, suitable to the reality and meeting the requirements of sustainable agricultural and rural development.
The Prime Minister requests the Ministry of Finance to continue implementing an appropriate, focused, and prioritized expansionary fiscal policy, coordinating synchronously, harmoniously, flexibly, and closely with monetary policy and other macroeconomic policies, to promote growth, stabilize the macroeconomy, control inflation, and ensure major balances of the economy.
Urgently review and finalize regulations related to securities, corporate bonds, and develop the stock market into an effective medium- and long-term capital mobilization channel for enterprises.
Coordinate with the People’s Committees of provinces and centrally-run cities to focus on implementing solutions to improve the operational efficiency of the Credit Guarantee Fund for small and medium-sized enterprises.
The Ministry of Construction urgently reviews, amends, or submits to the competent authority for issuance of guiding documents for the Law on Housing and the Law on Real Estate Business; the spirit is to reduce intermediate levels, promote decentralization, and timely implement the Law.
Coordinate closely with the State Bank of Vietnam, ministries, sectors, and localities to develop practical and effective solutions to implement the Project to build one million social housing units; drastically and effectively implement Resolution No. 33/NQ-CP dated March 11, 2023, of the Government; remove difficulties and obstacles, and promote the disbursement of the credit package of 120,000 billion VND.
The Ministry of Planning and Investment continues to promote the operation of the Development Fund for Small and Medium-sized Enterprises. Continue to promote the implementation of solutions to improve the investment and business environment, simplify investment procedures and administrative procedures to facilitate investment and business activities of people and enterprises.
In particular, the Prime Minister requires the Ministry of Public Security to coordinate with the State Bank of Vietnam to urgently develop solutions to prevent and handle cross-ownership, and manipulation at credit institutions, ensuring the safety of the credit institution system as well as financial and monetary security.
The Ministry of Natural Resources and Environment urgently submits to the competent authority for issuance of detailed regulations of the Law on Land and the Law on Water Resources; review, propose amendments and supplements to the Law on Minerals, especially regulations related to procedures for ordinary construction material mines, ensuring consistency with practice and compliance with legal regulations.
Develop and complete the Land Information System, and coordinate with the Ministry of Construction to connect with the Housing and Real Estate Market Information System.
The Ministry of Agriculture and Rural Development presides over and coordinates with relevant agencies to focus on removing difficulties and obstacles related to the procedures for the announcement and conformity of veterinary drugs; closely monitor market developments, and proactively direct flexible solutions to remove difficulties, ensure production, and promote consumption and export of agriculture, forestry, and fishery products.
The People’s Committees of provinces and centrally-run cities closely coordinate and create favorable conditions for credit institutions, people, and businesses in banking activities, especially credit activities and payment services.
Prioritize resources to remove difficulties in production and business activities, support people and businesses in appropriate forms; focus on preventing usury, etc.
Coordinate with the Ministry of Finance to implement solutions to improve the operational efficiency of the Credit Guarantee Fund for small and medium-sized enterprises.
Direct and support the provision of entrusted capital to the Vietnam Bank for Social Policies to effectively implement credit programs under three national target programs.
Economic organizations and people conduct production and business activities in accordance with the law, flexibly, and adaptively in all circumstances; continue to innovate management work, improve competitiveness, increase access to credit capital, and mobilize other legal sources of capital.
Coordinate closely with credit institutions to increase access to credit, use credit capital effectively, improve production and business efficiency, and ensure full exercise of the rights and responsibilities of borrowers.
