Prime Minister Pham Minh Chinh addresses the conference (Photo: VNA) The event drew leaders of ministries and sectors, as well asheads of 38 commercial banks, and representatives from the Vietnam BanksAssociation.
Opening the conference, PM Chinh underlined that belongingto the same economic ecosystem, the development of banks and businesses isclosely related to each other as well as to the growth of the whole economy.
As Vietnam is building a socialist-oriented market economy,the country aims to reduce the use of administrative tools and increase markettools to operate the market, he said.
The Government leader asked participants to contribute ideas so as to overcome current difficulties for the common development with the motto of “harmonisedinterest, shared risks”.
According to the State Bank of Vietnam, as of November 30, credit provided to the economy had reached 13 quadrillion VND (535.49 billionUSD), up 9.15% over the end of 2022. Of the total, outstanding loans in the agro-forestry-fisheriessector was about 918.6 trillion VND, while that in the industry-construction sectorreached more than 3.32 quadrillion VND, an increase of 7.31%, and the serviceindustry nearly 8.6 quadrillion VND, a rise of 7.9%.
VNA
