The Prime Minister chaired a meeting to address difficulties in credit growth.

Prime Minister Pham Minh Chinh chaired a conference to discuss solutions to overcome difficulties in credit growth for production and business, thereby promoting growth and stabilizing the macroeconomy .

Attending the conference were Deputy Prime Ministers Le Minh Khai and Tran Hong Ha; ministers and heads of ministerial-level agencies; leaders of ministries and sectors; chairmen and general directors of 38 commercial banks; representatives of the Vietnam Banking Association, various associations and industries, the Association of Small and Medium Enterprises, the Vietnam Real Estate Association, and the Ho Chi Minh City Real Estate Association.

In his opening remarks at the conference, Prime Minister Pham Minh Chinh stated that, in the past period, facing the difficulties and challenges of the economy, the Government, ministries, localities, businesses, banks, and people have made efforts to overcome them and promote development. However, there are still shortcomings, limitations, difficulties, and challenges, including difficulties and challenges related to capital.

The Prime Minister emphasized that banks and businesses are part of an economic ecosystem. The development of banks and businesses is interrelated and linked to the development of the economy. Only when the economy develops can banks and businesses develop, and conversely, only when banks and businesses develop can the country develop. Each individual and each entity must share responsibility, contributing their efforts to overcome difficulties so that the country can overcome its own challenges and achieve overall development.

The Prime Minister emphasized that today's conference has the spirit of the "Dien Hong" conference, aiming to discuss solutions to overcome capital difficulties for the economy, unlock capital for production and business, thereby promoting growth and macroeconomic stability.

The Prime Minister pointed out that the Platform for Building the Country during the Transition Period to Socialism has drawn five major lessons, including the lesson of national unity and the lesson that the people make the revolutionary cause and the people make history. Banks also have times of success and profit, so during difficult times they must share the burden with the people and businesses.

Further analyzing the situation, the Prime Minister noted that real estate businesses are complaining about difficulties in accessing capital. However, in recent years, real estate prices have generally increased. If, despite difficulties, businesses still want to maintain the same selling prices and demand a one-sided approach, is this a form of shared responsibility? According to the Prime Minister, normal policies are necessary in normal times, and abnormal policies are needed in abnormal times. During difficult times, policies based on the principle of "harmonizing benefits and sharing risks" are appropriate, correct, and promote development.

The Prime Minister raised the question: Policies must be extremely flexible. We are not lowering lending standards, but can we be flexible? Some businesses may be facing difficulties, but if their projects are feasible, can we still provide loans?

According to the Prime Minister, the global economic situation is facing common difficulties, but these differ from country to country. Global issues require a global approach, emphasizing multilateralism; issues affecting the entire population require a people-to-people approach; however, it is necessary to study world experiences and apply them creatively and appropriately to Vietnam's conditions, circumstances, and situation, without rigidly adhering to them.

The Prime Minister cited the example of Vietnam's successful foreign policy and integration, which is being translated into resources, clearly evidenced by the strong growth in foreign investment, with a very high FDI disbursement rate, demonstrating the world's trust in Vietnam.

The Prime Minister affirmed that, in order to find solutions to the credit problem, overcome difficulties together, and develop together, in the spirit of "harmonious interests, shared risks," each delegate needs to speak frankly, look directly at the truth, listen to and absorb each other's opinions; promote solidarity to contribute together and also requires sacrifice and compromise; high determination, great effort, focused and targeted action, and completing each task thoroughly.

The Prime Minister further noted that Vietnam is building a socialist-oriented market economy. Our economy is in transition, its scale is still modest, its openness is high, and its resilience is limited. Therefore, actions must be cautious, sure, and appropriate, but there must be a roadmap to increasingly use market tools rather than administrative tools, moving towards a full market economy according to international standards.

According to baochinhphu.vn

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