The Prime Minister requires the State Bank of Vietnam to fully and resolutely implement solutions and tasks in accordance with the resolutions and conclusions of the Central Committee and the Politburo; the resolutions of the National Assembly and the Government, especially Resolutions No. 01/NQ-CP dated January 5, 2024, Resolution 02/NQ-CP dated January 5, 2024, and the directives of the Prime Minister and the Government leaders on monetary and credit policy management, exchange rates, interest rates, the gold market, etc., Telegrams No. 1426, 23 on solutions for gold market management, and Telegram No. 18 on management of credit growth in 2024.
The State Bank must closely monitor the situation in the world and domestically in order to forecast and proactively, flexibly, timely, and effectively manage monetary policy, especially harmoniously and reasonably managing interest rates and exchange rates. Concurrently, it must effectively manage credit growth in conjunction with macroeconomic stability, inflation control, economic growth promotion, and ensuring the safety of banking operations and the system of credit institutions.
Prime Minister Pham Minh Chinh also requested that the State Bank strengthen the work of inspection, examination, control, and strict supervision of lending by credit institutions and immediately carry out the work of inspection and examination of the gold market and the operations of gold trading enterprises, stores, agents, and distributors and sellers of gold bars, and完善 the inspection system to ensure smooth and effective implementation from the central to local levels.
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In addition, the State Bank is assigned to review, develop, and finalize guiding documents for the Law on Credit Institutions 2024 for synchronous implementation from July 1, 2024, when the Law on Credit Institutions takes effect.
At the same time, it should promote communication on the mechanisms and policies on monetary policy management and banking operations; focusing on new policies and policies that directly affect people and businesses, such as exchange rate, credit, interest rate, savings, borrowing, payment policies, etc., by means of diverse and rich communication, ensuring transparency and compliance with international commitments and legal regulations.
The Prime Minister also requested that the State Bank direct credit institutions to actively implement solutions for credit growth, directing credit to production, business, priority areas, and growth drivers; strictly control credit for areas with potential risks, ensuring safety, effectiveness, and liquidity risk control.
The Prime Minister requires the State Bank to direct credit institutions to continue to reduce costs and strive to reduce the average lending interest rate at a reasonable level; strictly implement the public disclosure and transparency of average lending interest rates so that businesses and people can conveniently choose a bank for lending with low interest rates that meet the requirements for using credit capital.
同時に、時間をかけ、集中して不動産プロジェクトを確認し、適格な各企業、各プロジェクトに対してタイムリーに適切な信用ソリューションを提示する。実行可能な効率的なBOT、BT交通プロジェクト、石油分野に対して適切な信用ソリューションを提供する。政策信用プログラムを効果的に展開し続ける…
The State Bank is responsible for directing credit institutions to increase lending for living, consumption, and promoting the implementation of lending through electronic and online channels. It should diversify banking credit products and services to suit each customer segment and market, type, and production and business needs of people, businesses, and cooperatives, especially legitimate and legal borrowing needs for people’s living and consumption.
Promoting the implementation of programs, projects, and credit policies such as: 30,000 billion VND credit program for forestry and fishery sectors; Credit program contributing to implementing the Project “Sustainable Development of One Million Hectares of Specialized High-Quality and Low-Emission Rice Cultivation with Green Growth Linkage in the Mekong River Delta by 2030” according to Decision 1490/QD-TTg dated November 27, 2023 of the Prime Minister; 120,000 billion VND program for lending for social housing, workers’ housing, and renovation of old apartments to contribute to implementing the Project “Investing in the Construction of at Least 1 Million Social Houses for Low-Income People and Workers in Industrial Parks in the 2021-2030 Period”
The State Bank actively and proactively implements effectively and practically the program connecting banks and businesses through appropriate forms.
At the same time, it continues to implement the policy of restructuring repayment terms and maintaining debt groups in accordance with Circular No. 02/2023/TT-NHNN dated April 23, 2023, to promptly support businesses and borrowers facing difficulties, while preventing profiteering, violating regulations, and distorting the nature of bad debts.
The Head of Government continues to request that the State Bank promote the pioneering and exemplary role of state-owned credit institutions; strengthen social responsibility and business ethics of credit institutions in sharing and supporting people and businesses according to the viewpoint of “Harmonious benefits, shared risks”.
