Two recommendations of billionaire Nguyen Thi Phuong Thao to promote the capital market

The information was shared by Ms. Nguyen Thi Phuong Thao at the Government Standing Committee's meeting with commercial banks held on the morning of February 11.

At this conference, the Government Standing Committee worked with commercial banks, leaders of the State Bank of Vietnam (SBV) and delegates analyzed and evaluated the situation of monetary policy management, credit growth, exchange rates, and operations of commercial banks...

Speaking at the conference, Ms. Nguyen Thi Phuong Thao proposed a number of solutions to promote capital market development and reduce pressure on bank loans.

Firstly, HDBank needs to be supported quickly and promptly, according to the approved compulsory transfer plan, to quickly restore operations and increase credit supply and banking services for businesses and people.

Second, it is recommended that the State Bank continue to maintain stable interest rates to facilitate businesses' easy access to capital; support interest rates for social housing investment programs and credit for workers; have mechanisms to encourage the development of digital credit; operate flexible and stable exchange rates to attract investment and promote exports, exploiting the EVFTA, CPTPP, and RCEP agreements.

Ms. Nguyen Thi Phuong Thao - Founder and Permanent Vice President of HDBank - shared at the conference (Photo: VGP).

Ms. Nguyen Thi Phuong Thao believes that with the determination of the entire system, close direction and practical solutions from the Government and the State Bank, the banking industry will achieve the goal of contributing to 8% GDP growth by 2025, creating a solid foundation for a period of strong development in the future.

"We are facing a decisive moment when 8% growth is not a distant dream but a feasible goal, preparing for the next stage of sustainable development, when we act decisively, with the consensus and support of the entire system. The Government has taken the lead, businesses are ready to innovate, and our banks are ready to accompany.

HDBank is committed to always being a reliable partner, providing effective capital flows, promoting sustainable growth according to the Government's orientation, the State Bank's management, accompanying Vietnamese businesses and people. We believe that we will realize the aspiration of a strong Vietnam," billionaire Nguyen Thi Phuong Thao shared in her speech.

Delegates attending the conference (Photo: VGP).

Strengthening international cooperation

Billionaire Nguyen Thi Phuong Thao added that HDBank and businesses in this ecosystem are also actively participating in foreign affairs and economic activities. After meeting with US President Donald Trump, HDBank and its partners are coordinating to implement contracts worth 48 billion USD with large US corporations, creating nearly 500,000 jobs and negotiating to increase the transaction value to 64 billion USD.

"We are also partners with China, the United Nations, and UNESCO to develop the economy together on the basis of respecting cultural values, traditions, and will of nations and peoples," the female billionaire informed.

Making its mark in the domestic and international markets, HDBank has been on a journey of continuous innovation for over 10 years, with a high growth rate, an average of 25-30%/year, good asset quality, safe and sustainable financial indicators. That is the foundation for HDBank to continue to conquer more challenging goals, with specific actions.

6 action plans to promote HDBank's growth

According to Ms. Nguyen Thi Phuong Thao, HDBank is implementing programs to accelerate, break through, promote growth and control inflation.

Firstly, restructuring Dong A Bank Limited to become a new generation digital bank, thereby supporting businesses and people across the country, especially small and medium enterprises, to access capital at the lowest cost and with the simplest procedures through digital channels.

Second, support the promotion and provision of capital for businesses in programs to improve labor productivity and apply technology such as AI, Bigdata, Blockchain.

Third, participate in funding projects to promote public investment, transport infrastructure, logistics, highways, aviation infrastructure, and seaports. Funding smart logistics systems, reducing transportation costs, and improving the competitiveness of Vietnamese enterprises. Funding tourism and service enterprises, prioritizing the application of digital technology, and connecting with modern consumer ecosystems in the world.

Fourth, support the exploration of new growth-driving areas, prioritize funding for digital transformation activities, build a digital economy, develop cashless payments, promote e-commerce, digital finance, and digital banking.

Fifth, promote green credit, invest in renewable energy and smart infrastructure, and circular economy. Establish and support the operation of AI investment funds, innovation and Blockchain investment funds to build "Make-in-Vietnam" technology products. Prepare funding sources for businesses, prioritizing the semiconductor and high-tech sectors.

Sixth, deploy cashless payment solutions and encourage the use of public transport to reduce costs, increase transparency, promote e-commerce, increase labor productivity, reduce traffic congestion, reduce environmental pollution and develop sustainable public transport.

In 2024, HDBank will have total assets of nearly VND 700,000 billion, serving more than 30 million customers in 63 provinces and cities, capital safety ratio reaching over 14%; bad debt ratio controlled below 1.5%; providing the economy with about VND 420,000 billion in credit capital. In 2024, HDBank will contribute VND 5,200 billion to the budget. Enterprises in the ecosystem related to HDBank will contribute over VND 15,000 billion to the budget excluding land use fees; creating 24,000 jobs in the banking industry, over 40,000 jobs in enterprises.

In addition to increasing capital supply, HDBank's outstanding loans to traditional areas continued to grow and accounted for a major proportion of total outstanding loans such as rural agriculture, remote areas, small and medium enterprises, supply chains, industrial real estate, social housing, and microfinance.

Source: https://dantri.com.vn/kinh-doanh/hai-kien-nghi-cua-ty-phu-nguyen-thi-phuong-thao-de-thuc-day-thi-truong-von-20250212074119493.htm