According to the State Bank, closely following the Resolution of the National Assembly, the direction of the Government and the Prime Minister, the State Bank of Vietnam operates monetary policy proactively, flexibly, promptly, effectively, in synchronous, harmonious and close coordination with fiscal policy and other macroeconomic policies, contributing to prioritizing the strong promotion of economic growth associated with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy .
From the beginning of 2025, the State Bank assigned credit growth targets to credit institutions. As of July 28, credit in the entire system increased by 9.64% compared to the end of 2024.
Under the condition that inflation is controlled in accordance with the targets set by the National Assembly and the Government and implementing the direction of the Government and the Prime Minister on managing credit growth appropriately, promptly, and effectively, meeting the capital needs of the economy, on July 31, the State Bank announced an adjustment to increase the credit growth target for 2025 for credit institutions according to specific principles, ensuring publicity and transparency.
The addition of this limit is the initiative of the State Bank and credit institutions do not need to request it.
Along with adjusting the limit, the State Bank requires credit institutions to strictly implement the directions of the Government, Government leaders and the State Bank, and resolutely organize the implementation of solutions on credit activities to improve business efficiency, ensure system safety and stabilize the monetary market.
Focus on safe and effective credit growth, directing credit to production and business sectors, priority sectors and economic growth drivers according to the policies of the Government and Prime Minister; strictly control sectors with potential risks.
In addition, credit institutions need to maintain stable deposit interest rates and strive to reduce lending interest rates through cost savings, increased application of information technology, simplification of administrative procedures, and restructuring and reorganization of the apparatus.
The State Bank also requires credit institutions to continue to have policies to remove difficulties in accessing credit capital for businesses and people.
Credit granting to customers is in accordance with the provisions of law and the direction of the State Bank in Directive No. 01/CT-NHNN dated January 20, 2025 on organizing the implementation of key tasks of the banking sector in 2025.
In addition, it is necessary to comply with legal regulations on safety ratios, credit limits for customers, debt classification and risk provisioning; strengthen credit risk control, measures to handle bad debts, limit the occurrence of bad debts, strictly assess before granting credit and strengthen inspection and supervision before and after granting credit to ensure credit quality.
The State Bank affirmed that in the coming time, this agency will continue to closely follow domestic and international market developments, be ready to support liquidity to create conditions for credit institutions to supply credit to the economy and promptly have appropriate monetary policy management solutions.
Source: https://nhandan.vn/dieu-chinh-tang-chi-tieu-tin-dung-nam-2025-post897722.html
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