Prime Minister Nguyen Tan Dung pressed for more drastic actions torestructure the credit organisations’ system for the 2011-15 period asscheduled when he addressed a conference held by the State Bank ofVietnam (SBV) to launch its 2014 tasks in Hanoi on December 18.
Heasked the banking sector to do all it can, following monetary andfiscal policies, to keep next year’s inflation at 6.5-7 percent.
Itwas also required to control interest rates and credit in line withmacro-economic situation while making it easier for firms to accessloans.
In order to forge a healthy banking system, it isadvisable to improve its monetary regulations and operations up tointernational standards, alongside cleaning up bad debts and rearrangingasset management companies, he said.
SBV Governor Nguyen VanBinh said the bank has set the goal of actively and flexibly managementof monetary tools that is expected to curb inflation and maintain themacro-economic stability.
At the same time, interest and exchangerates will be settled at reasonable levels so as to ensure the value ofthe Vietnamese currency, he added.
Binh also vowed to extend credit packages to more together with closely checking whether they are effectively used.
Abouthow to make banks more transparent, he underscored all necessarysolutions in the settlement of bad debts and increased inspection oftheir activities.
Reviewing banking sector’s performance thisyear, Binh said the SBV in collaboration with relevant ministries andagencies have abided by Resolutions on socio-economic development set bythe National Assembly and Government.
He credited inflationkept under control and better banking liquidity with its strenuousefforts and disciplines. More loans have made their ways to areas ofpriority while foreign currency and gold markets are in good shape.
The plan on banking restructuring has come to fruition, he noted.-VNA
Heasked the banking sector to do all it can, following monetary andfiscal policies, to keep next year’s inflation at 6.5-7 percent.
Itwas also required to control interest rates and credit in line withmacro-economic situation while making it easier for firms to accessloans.
In order to forge a healthy banking system, it isadvisable to improve its monetary regulations and operations up tointernational standards, alongside cleaning up bad debts and rearrangingasset management companies, he said.
SBV Governor Nguyen VanBinh said the bank has set the goal of actively and flexibly managementof monetary tools that is expected to curb inflation and maintain themacro-economic stability.
At the same time, interest and exchangerates will be settled at reasonable levels so as to ensure the value ofthe Vietnamese currency, he added.
Binh also vowed to extend credit packages to more together with closely checking whether they are effectively used.
Abouthow to make banks more transparent, he underscored all necessarysolutions in the settlement of bad debts and increased inspection oftheir activities.
Reviewing banking sector’s performance thisyear, Binh said the SBV in collaboration with relevant ministries andagencies have abided by Resolutions on socio-economic development set bythe National Assembly and Government.
He credited inflationkept under control and better banking liquidity with its strenuousefforts and disciplines. More loans have made their ways to areas ofpriority while foreign currency and gold markets are in good shape.
The plan on banking restructuring has come to fruition, he noted.-VNA
