Prime Minister Pham Minh Chinh speaks at the New Year meeting with the banking sector. (Photo: VNA) The sector should continue to follow policies andguidelines adopted by the Party and the State, while closely coordinating with ministries,agencies and localities to fulfill socio-economic tasks, he said.
Priorities should be given to maintaining the macro-economicstability, controlling inflation, spurring growth and ensuring major economicbalances, the leader continued.
PM Chinh asked the State Bank of Vietnam (SBV) to improveits analysing and forecasting capacity, provide timely consultancy and flexiblyrespond to developments of the domestic and international situation.
The central bank was also urged to intensifyinspection and supervision, ensure transparency, promote digital transformation,raise service quality, and support innovations and small-and medium-sizedenterprises.
It needs to further consolidate monetary institutions,mechanisms and policies to create a concerted legal corridor, thus giving a pushto the monetary and credit markets, and making the baking sector safe, healthy,effective and sustainable, the PM stressed.
He also asked the sector to continue with mechanismsand policies in support of people and enterprises, noting that credits should befocused on production and business, especially priority fields.
For her part, SBV Governor Nguyen Thi Hong affirmedthat the sector will drastically implement a project on restructuring thesystem of credit institutions in parallel with handling bad debts in the 2021-2025 period,promote cashless payments, boost digital transformation and reform administrativeprocedures this year./.
VNA
