On November 27, Prime Minister Pham Minh Chinh signed official dispatch No. 122/CD-TTg addressed to the Governor of the State Bank on strengthening solutions for credit management in 2024.
Photo d’illustration : VNA
Hanoi (VNA) – Prime Minister Pham Minh Chinh on November 27 signed official dispatch No. 122/CD-TTg addressed to the Governor of the State Bank on strengthening solutions for credit management in 2024.
In recent times, the State Bank of Vietnam and the system of credit institutions have made great efforts and drastically, synchronously and effectively implemented solutions in the monetary and banking fields, thus contributing positively to the socio-economic development of the country. However, against the background of fluctuations in the global situation, persistent military conflicts in some regions, and slow recovery of the global economy, the production and economic activities of individuals and enterprises at home are facing many difficulties. , notably the heavy damage caused by natural disasters in many localities.
In order to further promote economic growth and strive to achieve all major objectives of the annual socio-economic development plan, the Prime Minister asked the State Bank of Vietnam to closely monitor the development of the international and regional situation as well as changes and adjustments in financial and monetary policies of the world’s major economies to analyze and take rapid and effective policy measures.
In addition, the State Bank must implement more radical and more effective tasks and solutions in terms of interest rate management, exchange rate, credit growth, etc.; supporting residents and businesses to quickly overcome the consequences of Storm Yagi, restore and expand production; ensure the major balances of the economy, the security of banking operations and the system of credit institutions; achieve the credit growth target of 15% in 2024.
The Prime Minister asked the State Bank to direct credit institutions to focus credit on areas such as digital transformation, green transformation, climate change response, circular economy, sharing economy , science and technology, technology, innovation…; to promote loans to serve production and business of enterprises and consumers at the end of the year and the Lunar New Year 2025.
The State Bank will strengthen inspection, examination and strict supervision of credit granting and interest rate announcement of credit institutions; have effective solutions to quickly deal with doubtful debts, according to the official dispatch.
The Prime Minister instructed Deputy Prime Minister Ho Duc Phoc to directly instruct the State Bank of Vietnam and related agencies to carry out the tasks assigned in the official dispatch. -VNA
