On April 29, Politburo Member, Prime Minister Le Minh Hung chaired a working session with the State Bank of Vietnam (SBV).
Concluding, the Prime Minister noted that special attention should be paid to ensuring the safety of banking operations, payment activities, risk prevention, violations, remote supervision and on-site inspection and examination; as well as the issue of ensuring network security and safety and payment systems.
The Head of Government directed the SBV to coordinate with ministries and agencies to develop operating scenarios for the whole year and each quarter; in which, it is expected to have specific plans, situations and measures, policy tools with appropriate dosage and timing, and deadlines to achieve the set goals; this requires the art of management.
Proactively grasp the situation and developments of the domestic and international financial and monetary markets, the adjustment of monetary policy of central banks and major economies, improve forecasting and analysis capacity, to have timely, flexible, and effective policy responses.
Promptly research and propose amendments to legal regulations related to the granting of credit exceeding the limits of credit institutions for strategic and national key projects, associated with strengthening the responsibility of credit institutions with credit quality control and project efficiency assessment.
Carefully calculate, control and closely supervise the granting of credit to potentially risky sectors; in which study and classify real estate types to stipulate appropriate credit limits, encourage the development of social housing, industrial parks...
Implement management solutions to stabilize the interest rate level appropriately, effectively, and substantively; direct credit institutions to continue to further reduce operating costs and strengthen the application of technology.
The Prime Minister also requested to seriously implement the direction of General Secretary To Lam in Notice No. 211-TB/VPTW dated May 30, 2025 on mechanisms and policies to effectively manage the gold market, with a roadmap suitable to the actual situation and policy requirements through periods.
Gold is a commodity, assets that people have the right to hold, but the State does not encourage it, because it does not create added value for the economy, so we must minimize the psychology of hoarding and speculation.
If we have a solid macroeconomic foundation, a public, transparent, and predictable legal system, and people and businesses are assured, they will reduce holding those assets, and be assured to spend money on production and business, or at least increase the amount of deposits for the banking system, from which we will mobilize resources for development," the Prime Minister said.
The Prime Minister directed the SBV to focus on implementing solutions to improve the quality of banking operations.
Promptly develop a Project to continue modernizing the banking system, handle weak credit institutions, and enhance access to capital for businesses, especially small and medium-sized enterprises (completed in the second quarter of 2026). Improve quality, efficiency and strengthen inspection and supervision work.
Promptly complete the decentralization plan, cut down, simplify administrative procedures, business conditions, cut down on conditional business lines, ensure substance, efficiency, not formality in order to reduce time and costs of compliance for people and businesses.
