Prime Minister of Vietnam requests to intensify credit management solutions for 2024

Prime Minister of Vietnam requests to intensify credit management solutions for 2024

To further enhance the effectiveness of credit management for 2024 and strengthen state management in the monetary and banking sectors, the Prime Minister of Vietnam has requested the State Bank of Vietnam to take the lead, in cooperation with relevant agencies, to implement several key focus points as follows:

- Continue to closely monitor international and regional developments, the changes and adjustments in financial and monetary policies of major economies to analyze and promptly respond with effective policies; proactively and flexibly manage monetary policies promptly and effectively, closely coordinate harmoniously with a reasonably expanded fiscal policy focused on key areas and with other macroeconomic policies;

Focus on decisively and more effectively implementing tasks and solutions regarding interest rate management, exchange rates, credit growth, open market management, money supply, reducing lending interest rate levels...

- Urgently and promptly implement decisive and effective credit solutions in line with macroeconomic developments, inflation, and meet the capital needs of the economy, remove difficulties for the people and businesses, support production and business development, create jobs and livelihoods for the people in the spirit of shared benefits, shared risks, mutual assistance, ensuring that credit capital is delivered to the real economy substantively and most effectively, absolutely avoiding bottlenecks, delays, mistimings, misdirections, creating mechanisms for seeking favors, and negatives in the credit granting by the system of credit institutions. Achieve the goal of 15% credit growth in 2024.

- Continue to effectively and more strongly implement solutions within the authority to reduce the lending interest rate levels of the system of credit institutions, supporting people and businesses in developing their production and business conditions, creating revenue and profit and repaying bank loans.

More details can be found in Official Telegram 122/CD-TTg dated November 27, 2024.

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