TPO - Speaking to the press, Deputy Governor of the State Bank Dao Minh Tu said that in 2025, credit will be directed to production and business sectors, priority sectors, focusing on credit investment in key projects and works.
TPO - Speaking to the press, Deputy Governor of the State Bank Dao Minh Tu said that in 2025, credit will be directed to production and business sectors, priority sectors, focusing on credit investment in key projects and works.
Mr. Tu said that for credit management in 2025, the State Bank will continue to provide credit solutions in line with macroeconomic developments, meeting credit capital needs and in line with the economy's capital absorption capacity.
Accordingly, the State Bank directs credit institutions to direct credit to production and business sectors, priority sectors, strictly control credit for sectors with potential risks; develop credit products for appropriate sectors and fields, and focus on credit investment in key projects and works.
Banks actively implemented solutions to remove difficulties for people and businesses after storm No. 3, creating favorable conditions for people and businesses to access credit capital.
"In 2025, the credit allocation mechanism will be implemented more freely than in 2024. Accordingly, banks will determine and calculate loans when there is a need for necessary capital but still have to ensure the safety of the system," said Mr. Tu.
According to Mr. Tu, since the end of 2023, the State Bank has announced the allocation of credit limits to commercial banks. In 2024, the State Bank has adjusted twice, but these are documents guiding banks to calculate and adjust themselves according to reasonable lending needs.
The State Bank is researching to have credit management measures more suitable to market mechanisms, creating initiative for commercial banks.
However, the State Bank will still have to control the increase in money supply to ensure the target of controlling inflation; reasonable credit growth, on the basis of ensuring safety and health, especially for banks that are investing capital in risky areas.
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Credit "flows" into key projects in 2025. |
Previously, the State Bank sent a document to credit institutions to publicly and transparently announce the principles of credit growth allocation in 2025. Accordingly, the State Bank expects the credit growth of the entire system in 2025 to be about 16%. The figure may increase, depending on economic conditions, capital investment needs, capital absorption of enterprises; capital injection needs in some priority areas under the direction of the Government, Prime Minister, etc.
Mr. Tu added that to promote credit growth of banks, the State Bank has organized many programs to connect banks and businesses. Since 2014, tens of thousands of connection dialogues have been organized in the past 10 years; in which, from 2023 to the end of the third quarter of 2024, nearly 2,000 dialogues and connections were organized through various forms and scales nationwide and in localities to grasp difficulties and promptly find solutions to remove them, creating favorable conditions for businesses in bank credit relations.
"Through the program, not only will the bottlenecks in credit relations be removed, but many benefits will also be brought to both customers and credit institutions. Accordingly, customers will have access to loans with reasonable interest rates; difficulties and problems will be resolved by the banking sector and relevant agencies (Departments, agencies, and sectors); and timely updates on mechanisms and policies on credit, payment, deposits, etc. and programs and products of credit institutions," said Mr. Tu.
For customers facing cash flow difficulties due to the impact of epidemics and natural disasters, credit institutions apply a policy of restructuring debt repayment terms and maintaining the debt group, helping customers to restructure their debt in accordance with their cash flow without being transferred to a debt group with a higher risk level; thereby creating conditions for customers to continue to borrow new loans to maintain and restore production and business.
On the banks' side, through the program, banks can unblock capital flows, increase sustainable, quality, safe and effective credit growth, and enhance the banks' initiative and responsibility to share difficulties with customers.
"This bank-business connection program is carried out through conferences, forums, dialogues, meetings... not only to resolve difficulties for both businesses and credit institutions but also to help both businesses and banks understand each other better, share more and cooperate in a symbiotic perspective," said Mr. Tu.
Source: https://tienphong.vn/pho-thong-doc-ngan-hang-noi-ve-du-an-duoc-rot-tien-nam-nay-post1713294.tpo
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