The Prime Minister requested the State Bank of Vietnam to preside over and coordinate with relevant agencies to immediately inspect and examine commercial banks that have recently adjusted their deposit interest rates and the announcement and implementation of deposit and lending interest rates by credit institutions, ensuring compliance with legal regulations and instructions of the Government, the Prime Minister, and the State Bank of Vietnam.
Timely and strictly handle violations and non-compliance with the instructions of the Government, the Prime Minister and the State Bank of Vietnam as prescribed; in which the Governor of the State Bank of Vietnam considers and decides to use the management tools of the State Bank of Vietnam on credit growth limits and license revocation as prescribed, and reports the implementation results to the Prime Minister before February 28, 2025.
Regularly monitor and closely supervise the developments in interest rates of mobilization and lending of commercial banks, implement more drastic and effective solutions within the authority to reduce the lending interest rate level, create conditions for people and businesses to access loans at reasonable costs, restore and develop production and business, promote economic growth associated with macroeconomic stability, control inflation, ensure major balances of the economy, safety of banking operations and the system of credit institutions.
Strengthen the effectiveness of inspection, examination, control and close supervision of the activities of credit institutions, especially the announcement of mobilization interest rates, lending interest rates, and credit granting activities of credit institutions. Promptly and strictly handle violations according to the provisions of law, especially credit institutions that compete unfairly and not in accordance with regulations on interest rates.
Credit institutions must enhance their social responsibility and be willing to share part of their profits to reduce lending interest rates to support people and businesses in accessing bank credit capital, promote production and business development, create livelihoods for people and positively impact banking activities.
Focus credit on production and business sectors, priority sectors, traditional economic growth drivers, and new growth drivers; strictly control credit in potentially risky sectors, ensuring safe and effective credit operations.
Source: https://baoquangnam.vn/thu-tuong-chi-dao-thuc-hien-cac-giai-phap-giam-lai-suat-cho-vay-3149463.html
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