To promote disbursement of credit packages of 40 trillion VND and 120 trillion VND in Vietnam

To promote disbursement of credit packages of 40 trillion VND and 120 trillion VND in Vietnam

The Government requests the State Bank of Vietnam to preside over and coordinate with agencies and localities to focus on implementing the following contents:

- There are solutions to continue promoting the disbursement of credit packages of 40 trillion VND for interest rate support, 120 trillion VND for social housing loans, and 15 trillion VND for the forestry and fisheries sector.

Urgently review and adjust risk coefficients for different real estate segments according to authority; Review regulations related to lending and investment in corporate bonds to be consistent with the corporate bond market development policy according to Resolution 33/NQ-CP in 2023.

- Focus on handling weak commercial banks, reporting to competent authorities in September 2023.

Closely monitor the bad debt situation, ensure the safety of the credit institution system; and urgently report to competent authorities in September 2023 on a plan to handle Saigon Commercial Joint Stock Bank without further delay.

- Coordinate with the Ministry of Public Security in using the National Population Database under Project 06 to have appropriate unsecured lending mechanisms and policies, contributing to limiting "black credit".

- Manage credit growth to meet the capital needs of the economy, directing credit to production, business, and priority areas.

- Urgently complete according to authority regulations, credit policies, and lending conditions with open, convenient, feasible, and more reasonable procedures, sharply increasing people's ability to access credit capital, businesses, and absorb capital from the economy, contributing to limiting "black credit".

- Continue to strive to reduce lending interest rates...

More details can be found in Resolution 144/NQ-CP, dated September 10, 2023.

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