The Government has just issued Resolution No. 44 of the regular Government meeting in March 2024 and the Government's online conference with localities.
In particular, the Government requested the State Bank of Vietnam (SBV) to seriously, fully, effectively and promptly implement tasks and solutions to stabilize the gold market and handle the difference in domestic and international gold prices according to the direction of the Government and the Prime Minister .
The State Bank of Vietnam urgently reviews and develops a Decree amending, supplementing or replacing Decree No. 24 on gold market management to develop a stable, healthy, transparent, effective and sustainable gold market, preventing the economy from becoming gold-ized.
In addition, the Government also requested the State Bank to urgently complete the compulsory valuation of banks and the compulsory transfer plan for weak banks, submit it to the Government for consideration and decision according to the direction in Resolution No. 28; develop and submit to competent authorities a handling plan for Saigon Commercial Joint Stock Bank (SCB).
The State Bank of Vietnam has directed credit institutions to urgently and thoroughly review and inspect their information technology systems, payment systems, e-banking systems, etc. to promptly fix loopholes and vulnerabilities in the information system, ensuring security and safety.
Along with that, the State Bank closely follows the developments of the world and domestic economy to operate monetary policy proactively, flexibly, promptly and effectively; firmly and consistently orienting the priority of promoting growth associated with macroeconomic stability, controlling inflation, ensuring major balances of the economy, safety of banking operations and the system of credit institutions.
Harmoniously and reasonably manage interest rates and exchange rates in accordance with market situations, macroeconomic developments and monetary policy goals.
The State Bank also needs to closely monitor the situation and credit granting results of the credit institution system for the economy, and the credit granting results of each credit institution and commercial bank.
Thereby, the State Bank proactively takes measures to manage credit growth effectively, feasiblely, promptly within its authority and in accordance with regulations, ensuring the implementation of the credit growth targets set for this year, fully meeting the credit capital needs of the economy.
Before April 10, the State Bank of Vietnam shall publicize the lending interest rate level, the implementation of credit packages, research a roadmap to gradually remove credit limits and control with appropriate and effective measures in accordance with international practices, in line with Vietnam's reality and ensuring system safety; ensure publicity, transparency and operations according to market mechanisms.
In addition, the State Bank continues to resolutely and synchronously implement solutions to increase access to credit capital; direct credit capital to production, business, priority sectors, growth drivers... strictly control credit into potentially risky sectors, ensuring safe and effective credit activities.
TN (according to VTC News)Source
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