Prime Minister Pham Minh Chinh requested the banking sector to promote the application of science and technology, digital transformation, and reduce costs to reduce lending interest rates; focus credit on priority industries and programs such as the Social Housing Development Program...
On the morning of February 3, the first day back to work after the 2025 Lunar New Year holiday, Prime Minister Pham Minh Chinh visited, congratulated the New Year, and assigned tasks to the State Bank and the banking sector in 2025 and the coming time.
In 2024, closely following the resolutions of the Party, the National Assembly, the Government, and the direction of the Prime Minister, the State Bank has proactively followed the developments of the world and domestic economy to synchronously deploy solutions to create favorable conditions for businesses and people to access bank credit capital, restore production and business, contribute to promoting growth associated with macroeconomic stability, controlling inflation, and ensuring the safe operation of the credit institution system.
Prime Minister Pham Minh Chinh assigns tasks for the new year to the banking sector - Photo: VGP/Nhat Bac
The State Bank continues to maintain the operating interest rates in the context of world interest rates remaining at high levels; flexibly and appropriately managing exchange rates, contributing to appropriately responding to external shocks; at the same time, synchronously coordinating monetary policy tools; managing gold trading activities is to handle and control the difference in SJC gold bar prices compared to world gold prices within the appropriate range that has been achieved; the stability and safety of the credit institution system continues to be maintained; bad debts are focused on handling and controlling...
In 2025, the State Bank will continue to manage interest rates in line with market developments, macroeconomics, inflation and monetary policy targets; closely monitor the market situation to flexibly and appropriately manage exchange rates, synchronously coordinate with monetary policy tools, contributing to controlling inflation and stabilizing the macro economy; implement credit management solutions in line with macroeconomic developments, inflation, meeting credit capital needs for the economy; resolutely and effectively implement the Project on Restructuring the System of Credit Institutions; strongly apply digital transformation in the banking sector; strengthen security, safety and confidentiality of payment and banking activities, etc.
Wishing a happy new year to all officers, employees and workers in the banking sector, Prime Minister Pham Minh Chinh highlighted the role of the State Bank and the banking and credit system - the lifeblood of the economy - in the recovery and socio-economic development in recent times, especially in the context of the recent economic difficulties and challenges due to the COVID-19 pandemic, disrupting supply chains and production chains.
The Prime Minister said that the Party and State leaders paid special attention, had drastic directions and management, and the banking sector implemented well monetary and fiscal policies, contributing significantly to promoting growth, stabilizing the macro-economy, controlling inflation, ensuring major balances of the economy, especially energy, ensuring social security, especially in 2024, after many years the whole country achieved and exceeded 15/15 basic targets.
On behalf of the Government, the Prime Minister commended and highly appreciated the working results of the banking sector, under the leadership of the Party Central Committee, regularly and directly by the Politburo, the Secretariat, headed by the General Secretary, together with the Government, the accompaniment of the National Assembly, the participation of the entire political system, the support of the people, businesses, and international friends so that the whole country can achieve important achievements in 2024.
Prime Minister Pham Minh Chinh assessed that the banking sector has closely followed the resolutions, conclusions and directions of the Central Committee, the Politburo, the Secretariat, the National Assembly and the Government; grasped the situation, proactively advised; responded promptly to sudden and urgent issues; persisted in interest rate policies, ensured system safety, controlled bad debts; effectively handled weak banks; accompanied the people and businesses, provided credit for socio-economic development, especially providing credit for the wood, seafood and social housing industries, etc.
The year 2025 has a special significance, with many important tasks: accelerating and breaking through to complete the socio-economic development targets for the 2021-2025 period; promoting economic growth of at least 8%, creating momentum, creating position, creating force to strive for double-digit growth in the coming time; organizing party congresses at all levels, towards the 14th National Party Congress; arranging the organizational apparatus; organizing the celebration of major national holidays, the Prime Minister requested the banking industry to closely follow these tasks, effectively implementing Resolution 01 and Resolution 02 of 2025 of the Government, making an important contribution to promoting growth, maintaining macroeconomic stability, controlling inflation, and ensuring major balances.
The Prime Minister requested the banking sector to promote the application of science and technology, digital transformation, and cost reduction to reduce lending interest rates; focus credit on priority industries and programs such as the Social Housing Development Program, the Temporary Housing and Dilapidated House Elimination Program; direct credit to renew traditional growth drivers such as investment, export, and consumption, including credit for infrastructure development and promote new growth drivers such as digital transformation; continue to handle weak banks, effectively control bad debt, and avoid incidents similar to SCB; continue to pioneer in digital transformation, combined with the implementation of Project 06 and the construction of a banking sector database; do better in policy communication; improve institutions, ensure equality, and create development space for people and businesses, etc.
The Prime Minister requested that banks always thoroughly grasp this motto, and coordinate closely, synchronously, harmoniously and effectively with agencies in implementing policies, including proactive, flexible, timely and effective monetary policy management; create a good financial and banking ecosystem, create jobs and livelihoods for businesses and people to develop production and business together, with the viewpoint of "harmonious benefits, shared risks", "only when people and businesses develop will the banking industry develop".
"We must know how to share, sympathize, and put ourselves in the shoes of others to overcome difficulties and challenges and develop together," the Prime Minister wished.
Further analysis, the Prime Minister said that in policy management, we must take into account the overall value and overall results. Taking care of the development of production, business, and livelihoods of people and enterprises is the responsibility, obligation, and also the sentiment, heart, and mind of the banking industry; being responsible to society, people, and enterprises is also the responsibility of the banking industry.
The Prime Minister asked banks, especially joint stock commercial banks, to further promote national sentiment, compatriotism, social responsibility, share more with people and businesses, and contribute more to the country.
Noting a number of specific tasks, the Prime Minister suggested that banks need to study preferential policies for both social housing developers and buyers, contributing to helping low-income people have housing. At the same time, it is necessary to actively support the development of strategic transport infrastructure, banks should closely coordinate with businesses to do this work, removing infrastructure bottlenecks in the spirit of "no matter how difficult it is, we must do it".
The Prime Minister suggested that the banking industry actively pioneer in implementing digital transformation more strongly and exemplary, focusing on building the industry's database, creating motivation and inspiration for other industries in digital transformation, and directing credit towards digital transformation.
Prime Minister Pham Minh Chinh congratulated, wished and believed that the banking industry would be bolder, more determined, and achieve higher results in 2025 than in 2024, joining the whole country in entering a new era - an era of striving to develop richly, civilizedly, prosperously and people will become increasingly happy and prosperous.
Government.vn
Source: https://doanhnghiepvn.vn/kinh-te/tai-chinh-ngan-hang/nganh-ngan-hang-can-day-manh-chuyen-doi-so-giam-chi-phi-de-giam-lai-suat-cho-vay/20250203034343706
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