The Prime Minister requested the State Bank to review and consider amending Circulars 02, 03 and Circular 06.

ANTD.VN - Prime Minister Pham Minh Chinh has just issued a telegram on continuing to implement solutions to increase access to credit capital, remove difficulties for production and business, and fulfill budget collection tasks.

The dispatch said that access to credit capital is still difficult, credit growth is low - as of October 11, it only reached 6.29% - much lower than the same period in 2022 (11.12%) as well as the whole year's management orientation (14-15%).

Therefore, the Prime Minister requested the State Bank to closely follow market developments to proactively, flexibly, promptly and effectively operate monetary policy, prioritizing promoting growth associated with macroeconomic stability, controlling inflation, ensuring major balances of the economy, and safety of the credit institution system;

Operate monetary policy tools: exchange rates, interest rates, money supply... in a rhythmic, synchronous and effective manner to continue to remove difficulties, meet the highest possible capital needs of the economy to promote production and business, create jobs and livelihoods for people.

The State Bank must manage credit growth reasonably and effectively, strive to achieve the highest possible set target, improve credit quality, direct credit to production and business sectors, priority sectors, growth drivers of the economy (especially investment, consumption, export), and control credit in sectors with potential risks.

There are policies to encourage credit to feasible projects and businesses that serve growth drivers.

Thủ tướng yêu cầu Ngân hàng Nhà nước rà soát, đơn giản hóa thủ tục vay, tiếp tục giảm lãi suất ảnh 1

The Prime Minister requested the State Bank to review and simplify loan procedures and continue to reduce interest rates.

In particular, the Prime Minister requested the State Bank to carefully review and study flexible lending procedures and reduce lending interest rates, increase the application of information technology, and digital transformation to further reduce interest rates. The Prime Minister noted the effective implementation of the VND120,000 billion credit packages for social housing and the VND15,000 billion package for the forestry and fisheries sector; in which the key role of state-owned commercial banks and the active and creative participation of joint-stock commercial banks should be promoted.

The Prime Minister requested the State Bank, in accordance with its functions and authority, to promptly review and assess the implementation of Circulars No. 02/2023/TT-NHNN, Circular No. 03/2023/TT-NHNN, Circular No. 06/2023/TT-NHNN and related Circulars and regulatory documents. Thereby, promptly review, amend, supplement and issue new regulatory documents, especially mechanisms and policies that expire in 2023, in order to promptly remove difficulties arising in practice regarding access to capital for people and businesses, purchase and sale of corporate bonds by credit institutions, ensuring consistency, efficiency, suitability with the actual situation, stabilizing the monetary market and ensuring the safety of the credit institution system.

Continue to direct credit institutions to promote the spirit, social responsibility, and business ethics of the credit institution system, and to be more proactive and active in participating in implementing policies, promotional programs, plans for socio-economic development, poverty reduction, and ensuring social security.

The Ministry of Finance is assigned to continue to have solutions on tax exemption, reduction, extension of tax, fees, charges and land rent to support people and businesses; have measures to actively and effectively increase revenue, reduce expenditure; strengthen revenue management, prevent revenue loss, fight smuggling, trade fraud and tax evasion; focus on handling and recovering tax arrears.

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