Prime Minister awards First Class Labor Medal to State Bank

Minh Ánh |

On November 24, the State Bank of Vietnam was honored to receive the First Class Labor Medal. Prime Minister Pham Minh Chinh attended and directly presented this noble award.

The mark of the "golden try" term

On the afternoon of November 24, the 9th Patriotic Emulation Congress of the Banking industry for the period 2025-2030 took place in Hanoi. The event was attended and directed by Politburo member and Prime Minister Pham Minh Chinh - Chairman of the Central Emulation and Reward Council.

At the congress, on behalf of the Party and State leaders, Prime Minister Pham Minh Chinh presented the First Class Labor Medal to the State Bank of Vietnam (SBV) group.

This is a special recognition by the Party and State for the persistent efforts of the banking sector in the period of 2020-2025 - a term likened to a "golden trial" with unprecedented fluctuations in the world and domestic economy.

Also at the ceremony, many awards were presented to outstanding individuals of the SBV Board of Directors, recognizing the bravery of steering a currency boat through the storm:

Second Class Independence Medal: Awarded to comrade Dao Minh Tu - former Deputy Governor of the State Bank.

First Class Labor Medal: Awarded to comrade Nguyen Thi Hong - Governor of the State Bank and comrade Pham Thanh Ha - Deputy Governor of the State Bank.

title of "National Emulation Fighter": Awarded to comrade Doan Thai Son - Permanent Deputy Governor and comrade Pham Tien Dung - Deputy Governor of the State Bank.

Certificate of Merit from the Prime Minister: Awarded to comrade Pham Quang Dung - Deputy Governor of the State Bank.

Over VND96,000 billion in debt restructuring and "dream houses"

Speaking at the Congress, Governor Nguyen Thi Hong emphasized that the past 5 years have been a period when the banking industry has faced many challenges from the COVID-19 pandemic to natural disasters, storms and floods. However, it is in the midst of difficulties that the spirit of "Emulation is patriotism" is being further promoted.

Anh: SBV
Governor Nguyen Thi Hong spoke at the Congress. Photo: SBV

Report data shows that the banking industry has become a solid support for the economy when restructuring debt repayment terms and keeping the debt group unchanged for nearly 97,000 customers, with a total value of about VND 96,000 billion. During the most severe period of the epidemic, the whole industry contributed nearly VND4,200 billion to epidemic prevention.

Not only are they good at their profession, the "bank hearts" are also in harmony with the difficulties of the people. Responding to the movement to eliminate temporary and dilapidated houses, from April 2024 to now, the industry has donated VND 1,815 billion, equivalent to more than 30,000 newly built houses, bringing shelter to tens of thousands of poor households.

32-word message and "sharing" command

Speaking at the congress, Prime Minister Pham Minh Chinh acknowledged the persistent efforts of the banking sector in the volatile period of 2020-2025. Regarding the upcoming achievements and directions, the Prime Minister summarized in 32 golden words: Open institutions, Pioneering infrastructure, Flexible policies, Reasonable management, Effective recovery, Development banks, People benefit, and self-reliant countries.

Thu tuong Chinh phu Pham Minh Chinh phat bieu chi dao tai Dai hoi. Anh: SBV
Prime Minister Pham Minh Chinh gave a speech at the Congress. Photo: SBV

In particular, the head of the Government spent a lot of time talking about "dividend" - a necessary quality of financial people in the current context.

The Prime Minister requested the banking sector to "reduc interest rates, reduce input costs, and lower interest rates for people and businesses". At the same time, the industry needs to practice thrift to have resources to support people affected by floods.

"The spirit of solidarity creates strength, cooperation creates benefits, and exchange creates trust. All for the sole goal of a stable and developed country, a happy and prosperous people" - the Prime Minister emphasized.

Orienting the emulation movement in the coming time, the Prime Minister suggested 7 important keywords: Creativity, Accompanying, Sharing, Flexible, For the People, Efficiency, Stability. In particular, macroeconomic stability and inflation control are still top priorities, creating a foundation for rapid and sustainable growth.

The Prime Minister also noted the harmonious coordination between fiscal and monetary policies; enhancing digital transformation, closely monitoring credit flows to ensure "right and accurate" capital; building a team of cadres "need, thrive, be honest, be fair, and be selfless".

Minh Ánh
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