On 11.2, at the Government Headquarters, Member of the Politburo, the Prime Minister Pham Minh Chinh chaired the Standing Committee of the Government to work with commercial banks to accelerate, breakthrough, promote growth and Control inflation.
Reported at the Conference, the Standing Deputy Governor of the State Bank Dao Minh Tu stated that in 2024, the State Bank continued to actively operate interest rates at a low level to guide the market to reduce loan interest rates, Support businesses and people, so that lending interest rates decreased by 1.24% compared to the end of 2023.
Foreign currency market, stable exchange rate. Liquidity of abundant credit institutions, meeting the capital needs of the economy, contributing to controlling inflation and stabilizing exchange rates.
The State Bank promptly directed the credit institution system to implement many solutions to promote effective credit growth, an increase of 15.08% compared to the end of 2023 and reach the set goals and supplement to the foundation. Economy 2.2 million billion VND.
Actively remove and handle difficulties and problems in accessing and absorbing credit capital of businesses and people. Some of the effective credit programs are expanded and many times have been raised in scale.
Solutions to remove difficulties for customers, especially after the storm No. 3, have been promoted in the spirit of companionship between the banking industry and the people, businesses, notably the restructuring policy of the time. The deadline for repayment, keeping the debt group has helped people and businesses overcome difficulties.
The organization of the implementation of the project to restructure the system of credit institutions associated with bad debts continues to be drastically implemented, actively handling weak credit institutions, especially the State Bank of the State Complete compulsory transfer of 4 weak banks.
Bad debt is focused on handling and controlling lower than the 3% target. Commercial banks improve management capacity, financial capacity and profitable business.
Permanent Deputy Governor of the State Bank Dao Minh Tu also stated a number of solutions to manage monetary and credit policies to accelerate, breakthrough, promote growth, control inflation, stabilize macroeconomics , socio -economic development in 2025.
The State Bank said it will continue to manage the monetary policy proactive, flexible, timely, effective, synchronously, harmonious and closely with fiscal policies and macroeconomic policies. Other contributing to supporting economic growth, stabilizing macroeconomic, controlling inflation.
Along with that, continuing to renovate the measures to manage credit growth and deploy the roadmap gradually decreasing and proceed to eliminate the management of allocation credit growth targets for each credit institution, effort to increase. Credit heads of the whole system are expected to 16%.
Proactively and promptly adjust credit growth targets for credit institutions on the basis of macroeconomic developments and actual situation without written request from credit institutions to promote push economic growth.
