Issuance of the Decree on the Controlled Trial Mechanism in the Banking Sector in the Year 2025

Ban hành Nghị định về Cơ chế thử nghiệm có kiểm soát trong lĩnh vực ngân hàng trong năm 2025

For the banking sector, the National Assembly requires the Government of Vietnam, the Prime Minister of the Government of Vietnam, ministries, ministry-level agencies, and related agencies to continue directing credit institutions to strive to reduce lending interest rates; ensure safe and effective credit growth, limit the increase in non-performing loans; direct credit to production, business, prioritised sectors, contributing to promoting economic growth and developing green credit; strictly control credit in potentially risky sectors.

Urgently amend Decree 55/2015/ND-CP dated June 9, 2015, of the Government of Vietnam on credit policies to serve agricultural and rural development. Coordinate with relevant ministries and sectors to remove obstacles, accelerate the implementation of credit programs in accordance with the guidelines and directives of the Government of Vietnam, the Prime Minister of the Government of Vietnam.

In 2025, issue a Decree stipulating the Controlled Trial Mechanism in the banking sector. Expedite the promulgation and implementation of policies to restructure debt repayment terms and maintain loan groups to support customers facing difficulties due to the impact and damage caused by Storm No. 3 (Yagi), flooding, and landslides following Storm No. 3.

At the same time, closely monitor market developments and the economic situation domestically and internationally to conduct proactive, flexible, prompt, and effective monetary policy, contributing to stabilizing the monetary and foreign exchange market, aligning with macroeconomic balance, inflation, and meeting the capital needs of the economy.

Implement management solutions to stabilize the gold market; enhance the role of state management and regulation of the gold market conformably; prevent gold price fluctuations from impacting macroeconomic stability. Research policies to limit gold speculation and hoarding, redirect investment resources to production and business. Strengthen information technology application in managing gold trading enterprises; intensify measures to prevent and combat gold smuggling; strictly handle violations.

By June 2025 at the latest, summarize, research, and propose amendments to Decree 24/2012/ND-CP on the management of gold trading activities. Intensify inspection, monitoring, detection, and strict handling of organizations and individuals establishing foreign exchange (Forex) trading floors in violation of legal regulations.

More details can be found in Resolution 173/2024/QH15 dated November 30, 2024.

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