Prime Minister congratulates the New Year 2025 and assigns tasks to the Banking industry

The Prime Minister requested the banking sector to continue to operate fiscal and monetary policies firmly, flexibly and effectively; create a good financial and banking ecosystem, and maintain macroeconomic stability.

Prime Minister Pham Minh Chinh congratulates the banking sector on the occasion of the New Year of the Snake. (Photo: Duong Giang/VNA)

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, extended New Year greetings, 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, control inflation, and safe operations of the credit institution system.

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 between SJC gold bar prices and world gold prices within the appropriate range that has been achieved; the stability and safety of the credit institution system continue to be maintained; bad debts are focused on handling and controlling.

With the synchronous solutions of the State Bank, as of December 31, 2024, economic credit increased by about 15.08% compared to the end of 2023, focusing on production, business, and priority sectors; promoting the implementation of credit programs such as the VND 145,000 billion program for loans for social housing, worker housing, projects to renovate and rebuild old apartments; Credit program for the forestry and fishery sectors.

In particular, the banking industry has promptly and promptly implemented solutions to support customers affected by storm No. 3.

In 2025, the State Bank will continue to manage interest rates in accordance 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 accordance 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.

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 recent socio-economic recovery and development, especially in the context of the recent economic difficulties and challenges due to the COVID-19 pandemic and disruptions in supply chains and production chains.

The Prime Minister said that the Party and State leaders paid special attention, had strong directions and management, and the banking sector well implemented monetary and fiscal policies, contributing significantly to ensuring macroeconomic stability, controlling inflation, ensuring major balances, 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 led 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 emphasized that the banking sector has closely followed the leadership and direction of the Party Central Committee and the Government; closely followed and grasped the situation, proactively advised the Party and the Government on direction and management; promptly responded 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.

Specifically, emphasizing the need to "create something out of nothing, make the difficult easy, and turn the impossible into the possible," "value time, prioritize intelligence and decisiveness," and overcome one's own limitations to create breakthroughs, the Prime Minister urged the Bank to consistently adhere to this principle, continue to manage fiscal and monetary policies with certainty, flexibility, and effectiveness; create a sound financial and banking ecosystem, and generate livelihoods for businesses and people to develop production and business, with the perspective of "harmonious benefits, shared risks," and "the banking sector can only develop if the people and businesses develop."

“We must know how to share, sympathize, and put ourselves in others' shoes to overcome difficulties and challenges and develop together,” the Prime Minister wished.

Stating that 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 8%, striving 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.

Among these, the banking sector must make a significant contribution to maintaining macroeconomic stability, promoting growth, and ensuring major balances; reducing costs to lower lending interest rates; focusing credit on priority sectors and programs such as the Social Housing Development Program and the Program to Eliminate Temporary and Dilapidated Houses; directing credit towards renewing traditional growth drivers such as investment, exports, and consumption, including credit for infrastructure development; promoting new growth drivers; continuing to address weak banks and effectively control bad debts; continuing to be a pioneer in digital transformation, combined with the implementation of Project 06 and the construction of a banking sector database; further improving policy communication; perfecting institutions, ensuring equality, and creating a development space for people and businesses.

Prime Minister Pham Minh Chinh congratulated, hoped and believed that the banking sector's performance in 2025 would be higher than in 2024, and together with the whole country, he entered a new era - an era of growing rich, civilized, prosperous, and people becoming happier and more prosperous.

Source: https://daidoanket.vn/thu-tuong-chuc-mung-nam-moi-2025-va-giao-nheem-vu-cho-nganh-ngan-hang-10299225.html