Prime Minister Pham Minh Chinh has just signed Official Dispatch 128/CD-TTg on August 6, requesting ministries, branches and localities to implement a number of tasks and solutions to promote growth, control inflation and stabilize the macro -economy , ensuring major balances of the economy.
Accordingly, the Prime Minister requested the State Bank of Vietnam (SBV) to urgently develop a roadmap and pilot the removal of credit growth quotas to be implemented from 2026; in which it is necessary to develop standards and criteria for credit institutions to operate effectively, healthily, have good governance and management capabilities, comply with safety ratios in banking operations and high safety credit quality indexes..., ensuring publicity and transparency.
The State Bank is responsible for inspection, examination, supervision and post-audit, preventing systemic risks, ensuring security and safety of the credit institution system and controlling inflation according to the set target.
Strive to achieve the highest goals, tasks and solutions set out in the Project "Restructuring the system of credit institutions associated with bad debt settlement in the period of 2021 - 2025" as approved by the Prime Minister in Decision No. 689/QD-TTg dated June 8, 2022, focusing on promoting bad debt settlement, implementing measures to strictly control credit in areas with potential risks, improving credit quality, minimizing new bad debts, ensuring safe and healthy credit growth along with strict control of bad debts.
At the same time, strengthen monitoring, inspection, examination and close and comprehensive supervision of the operations of credit institutions; take measures to prevent, inspect, supervise and strictly handle according to the law acts of manipulation, cross-ownership, and granting credit to "backyard" enterprises and enterprises in unhealthy ecosystems...
The Prime Minister also requested the State Bank to continue directing credit institutions to reduce costs, simplify administrative procedures, and promote digital transformation... to create more room to reduce lending interest rates, support production and business of enterprises and people in the spirit of "harmonized benefits and shared risks"; direct credit capital to priority areas, traditional growth drivers of the economy (investment, export, consumption) and new growth drivers (science and technology, innovation, digital economy, green economy, circular economy...) according to the Government's policy, ensuring safe and effective credit growth expansion.
At the same time, review, develop and immediately supplement priority mechanisms and policies to more effectively and drastically implement the credit program for young people under 35 years old to buy, rent, and hire-purchase social housing, the VND500,000 billion credit program for enterprises investing in infrastructure, science, technology, innovation, digital transformation, etc. Policy implementation must be timely and effective; not formal, and definitely not allowing money to be disbursed.
The State Bank must urgently develop a plan to manage monetary policy for the last months of 2025 and 2026, and report to the Government Standing Committee before August 30, 2025.
Source: https://baodautu.vn/thi-diem-bo-room-tin-dung-tu-nam-2026-d352731.html
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