(NLDO) - Deputy Prime Minister Ho Duc Phoc requested the State Bank and credit institutions to continue effectively implementing solutions to support capital for businesses.
State Bank of Vietnam holds conference to deploy banking tasks in 2025
On December 14, the State Bank of Vietnam held a conference to deploy banking tasks in 2025. Deputy Prime Minister Ho Duc Phoc attended and delivered a speech at the conference.
Speaking at the conference, Deputy Prime Minister Ho Duc Phoc reviewed important results of socio-economic development in 2024, thereby praising and appreciating the contributions of the State Bank and commercial banks in the entire banking sector to the country's development.
Accordingly, the State Bank has operated a reasonable and effective monetary policy, stable interest rates and a downward trend to support economic development; good credit growth; stable exchange rates; credit support for customers affected by storm No. 3; restructuring 2 banks; liquidity is guaranteed...
Agreeing with the directions and tasks set by the State Bank for 2025, Deputy Prime Minister Ho Duc Phoc emphasized the following key contents:
First, the Deputy Prime Minister requested the State Bank to continue to closely monitor the world economic situation to prepare timely, appropriate and effective management solutions; coordinate monetary policy, fiscal policy and other policies to ensure the safety of the banking system, reduce bad debt, and provide effective capital to promote economic development.
Deputy Prime Minister Ho Duc Phoc noted that the restructuring and streamlining of the State Bank of Vietnam's apparatus must ensure the normal operation of the banking system to serve socio-economic development without interruption.
Deputy Prime Minister Ho Duc Phoc delivered a speech at the conference. Photo: VGP
Support capital for green development, green production, green consumption, clean energy
Propose that the State Bank of Vietnam and credit institutions continue to effectively implement capital support solutions for businesses, especially small and medium enterprises, in the spirit of "win-win".
Strengthening security and ensuring safety in bank payment activities; promoting the development of digital banking, electronic payments, improving convenience for customers...
Continue to implement capital support measures for green development, green production, green consumption, clean energy; handle bad debt; restructure weak banks, etc.
Operate monetary policy, interest rates, exchange rates stably and reasonably, control inflation well, and manage credit appropriately to promote development.
Strengthen anti-money laundering; continue to improve the institutional system in the banking sector; promptly deploy measures to support customers facing risks due to natural disasters and epidemics.
In particular, the State Bank needs to consider the Vietnam Bank for Social Policies as an important tool to ensure social security in order to have appropriate and effective investment measures.
Strengthen inspection and control work, promptly prevent violations of the law, ensure transparency and equality among banks and enterprises, and ensure the safety of the banking system.
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