The government has taken the lead, businesses are ready to change...

On the morning of February 11, at the Government Standing Committee's meeting with commercial banks, Ms. Nguyen Thi Phuong Thao, Standing Vice Chairwoman of HDBank's Board of Directors, said that the Bank is implementing programs to accelerate, break through, promote growth and control inflation. To further promote growth, HDBank proposed a number of recommendations to the Government to promote market development.

On the morning of February 11, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired the Government Standing Committee Conference to work with commercial banks to accelerate, break through, promote growth and control inflation.

Attending the conference were Permanent Deputy Prime Minister Nguyen Hoa Binh; Deputy Prime Ministers Tran Hong Ha, Le Thanh Long, Ho Duc Phoc; Ministers, Heads of ministerial-level agencies, Government agencies; leaders of 20 commercial banks and social policy banks.

Delegates discussed and proposed key and breakthrough solutions for the banking industry to accelerate and make breakthroughs in 2025 and the coming time, contributing to promoting growth and controlling inflation, maintaining macroeconomic stability and ensuring major balances of the economy.

Reporting at the Conference, Ms. Nguyen Thi Phuong Thao - Permanent Vice President of HDBank said that, contributing to the overall development of the entire banking industry, HDBank has been on a journey of continuous innovation for over 10 years, with a high growth rate, an average of 25-30%/year, good asset quality, safe and sustainable financial indicators.

In 2024, HDBank will have total assets of nearly 700 trillion VND, serving more than 30 million customers in 63 provinces and cities, with a capital safety ratio of over 14%; Bad debt ratio is controlled below 1.5%; Providing the economy with about 420 trillion VND of credit capital. In 2024, HDBank will contribute 5,200 billion VND to the budget. Enterprises in the ecosystem related to HDBank will contribute over 15,000 billion VND to the budget excluding land use fees; creating 24,000 jobs in the banking industry, and over 40,000 jobs in enterprises.

Ms. Nguyen Thi Phuong Thao, Permanent Vice Chairwoman of HDBank Board of Directors, spoke at the Conference.

In 2024, the Government and the State Bank of Vietnam have resolutely taken the step of transferring 4 weak banks to banks with strong resources and financial capacity. In January 2025, the Government issued a resolution and the State Bank of Vietnam decided to transfer Dong A Commercial Joint Stock Bank to HDBank. "For us, this is an honor and responsibility of HDBank in accompanying the Government and the State Bank of Vietnam to ensure the safe and sustainable development of the national financial and banking system," she said.

With the Government's general target of GDP growth of 8% in 2025, the State Bank of Vietnam has set the overall credit growth target for the whole industry at 16%. Ms. Thao said that she agrees with the reports of the State Bank and the opinions of the leaders of the banks at today's meeting. In addition to increasing capital supply, HDBank's outstanding loans to traditional areas continue to grow and account for a major proportion of total outstanding loans such as rural agriculture, remote areas, small and medium enterprises, supply chains, industrial real estate, social housing, and microfinance.

To further promote growth, HDBank proposes a number of recommendations to the Government to promote the development of the capital market and reduce pressure on bank loans. And to accompany the Prime Minister's goal of upgrading the stock market, there needs to be a sustainable solution to harmonize bank credit and the capital market, creating a balanced driving force, supporting long-term growth until 2030. HDBank recommends the Government and the State Bank:

Firstly, provide quick and timely support to HDBank according to the approved compulsory transfer plan, to quickly restore operations and increase credit supply and banking services for businesses and people.

Second, it is recommended that the State Bank continue to maintain stable interest rates to facilitate businesses' access to capital. Support interest rates for social housing investment programs and credit for workers. Have a mechanism to encourage the development of digital credit, operate flexible and stable exchange rates to attract investment and promote exports, and exploit the EVFTA, CPTPP, and RCEP agreements.

Ms. Thao also informed that recently, the HDBank delegation and its partners met with President Donald Trump, affirming the Vietnam-US strategic partnership. Currently, HDBank and its partners are coordinating to implement contracts worth 48 billion USD with major US corporations and are negotiating to increase it to 64 billion USD, creating 500,000 jobs for Americans.

Contributing to promoting the National Digital Transformation Program, HDBank leaders said that they have established and supported the operation of an AI and Blockchain investment fund to build "Make-in-Vietnam" technology products; ready to provide funding for businesses, prioritizing the semiconductor and high-tech sectors.

"We are facing a decisive moment when 8% growth is not a distant dream but a feasible goal, preparing for the next stage of sustainable development, when we act decisively, with the consensus and support of the entire system. The Government has taken the lead, businesses are ready to innovate, our banks are ready to accompany. HDBank commits to always be a reliable partner, providing effective capital flows, promoting sustainable growth according to the Government's orientation, the State Bank's management, accompanying businesses and the people of Vietnam. We believe that we will realize the aspiration of a strong Vietnam!", HDBank's Standing Vice Chairman emphasized.

Source: https://baodaknong.vn/lanh-dao-hdbank-chinh-phu-da-tien-phong-cac-doanh-nghiep-san-sang-doi-moi-cac-ngan-hang-cung-san-sang-dong-hanh-242484.html