Two recommendations of billionaire Nguyen Thi Phuong Thao to promote the capital market

This information was shared by Ms. Nguyen Thi Phuong Thao at the Government's Standing Committee meeting with commercial banks, which took place on the morning of February 11th.

At this conference, the Standing Committee of the Government worked with commercial banks, leaders of the State Bank of Vietnam (SBV), and delegates to analyze and assess the situation regarding monetary policy management, credit growth, exchange rates, and the operations of commercial banks.

Speaking at the conference, Ms. Nguyen Thi Phuong Thao proposed several solutions to promote the development of the capital market and reduce pressure on bank loan sources.

Firstly, HDBank needs prompt and timely support, in accordance with the approved mandatory transfer plan, to quickly restore operations and increase the supply of credit and banking services to businesses and individuals.

Secondly, we propose that the State Bank of Vietnam continue to maintain stable interest rates to facilitate easy access to capital for businesses; provide interest rate support for social housing investment programs and credit for workers; establish mechanisms to encourage the development of digital credit; and manage exchange rates flexibly and stably to attract investment and promote exports, taking advantage of the EVFTA, CPTPP, and RCEP agreements.

Two proposals from billionaire Nguyen Thi Phuong Thao to boost the capital market - 1

Ms. Nguyen Thi Phuong Thao - founder and permanent vice chairman of HDBank - shared at the conference (Photo: VGP).

Ms. Nguyen Thi Phuong Thao expressed confidence that, with the determination of the entire system, along with close guidance and practical solutions from the Government and the State Bank of Vietnam, the banking sector will achieve the target of contributing 8% to GDP growth in 2025, creating a solid foundation for a strong development period in the future.

"We are standing at a decisive moment where 8% growth is not a distant dream but a feasible goal, preparing for the next phase of sustainable development, when we act decisively, with the concerted efforts and cooperation of the entire system. The government has taken the lead, businesses are ready to innovate, and our banks are ready to partner with us."

HDBank is committed to always being a reliable partner, providing efficient capital flows, promoting sustainable growth in line with the Government's direction and the State Bank of Vietnam's management, and accompanying Vietnamese businesses and people. We believe that we will realize the aspiration of a strong and prosperous Vietnam," billionaire Nguyen Thi Phuong Thao shared in her speech.

Two proposals from billionaire Nguyen Thi Phuong Thao to boost the capital market - 2

Delegates attending the conference (Photo: VGP).

Strengthening international cooperation

Billionaire Nguyen Thi Phuong Thao added that HDBank and the businesses within this ecosystem are also actively involved in foreign affairs and economic activities. Following the meeting with US President Donald Trump, HDBank and its partners are coordinating the implementation of $48 billion contracts with major US corporations, creating nearly 500,000 jobs, and are negotiating to increase the transaction value to $64 billion.

"We are also partners with China, the United Nations, and UNESCO in developing the economy based on a relationship that respects the cultural values, traditions, and will of each nation and people," the billionaire woman stated.

Making its mark in both domestic and international markets, HDBank has embarked on a journey of continuous innovation over the past 10 years, achieving high growth rates averaging 25-30% per year, maintaining high asset quality, and ensuring safe and sustainable financial indicators. This serves as a foundation for HDBank to continue conquering more challenging goals through concrete actions.

6 action programs to boost HDBank's growth.

According to Ms. Nguyen Thi Phuong Thao, HDBank is implementing programs to accelerate growth, drive breakthroughs, and control inflation.

Firstly, restructuring Dong A Bank Limited into a new generation digital bank will support businesses and individuals nationwide, especially small and medium-sized enterprises, in accessing capital at the lowest cost and with the simplest procedures through digital channels.

Secondly, it supports and provides funding for businesses in programs aimed at improving labor productivity and applying technologies such as AI, Big Data, and Blockchain.

Thirdly, participate in financing projects that promote public investment, transportation infrastructure, logistics, expressways, aviation infrastructure, and seaports. Provide funding for smart logistics systems, reduce transportation costs, and enhance the competitiveness of Vietnamese businesses. Provide funding for businesses in the tourism and service sector, prioritizing the application of digital technology and connection with modern consumer ecosystems worldwide.

Fourth, support the exploration of new growth drivers, prioritizing funding for digital transformation activities, building the digital economy, developing cashless payments, promoting e-commerce, digital finance, and digital banking.

Fifth, promote green credit, investment in renewable energy and smart infrastructure, and the circular economy. Establish and support the operation of AI investment funds, innovation and blockchain investment funds to build "Make-in-Vietnam" technology products. Ensure funding is readily available for businesses, prioritizing semiconductor and high-tech sectors.

Sixth, implementing cashless payment solutions and encouraging the use of public transport reduces costs, enhances transparency, promotes e-commerce, increases labor productivity, reduces traffic congestion, reduces environmental pollution, and develops sustainable public transport.

In 2024, HDBank had total assets of nearly VND 700,000 billion, serving over 30 million customers across 63 provinces and cities, with a capital adequacy ratio exceeding 14%; the non-performing loan ratio was controlled below 1.5%; and it provided the economy with approximately VND 420,000 billion in credit capital. In 2024, HDBank contributed VND 5,200 billion to the state budget. Businesses within the HDBank ecosystem contributed over VND 15,000 billion to the budget (excluding land use fees); creating 24,000 jobs in the banking sector and over 40,000 jobs in other businesses.

Besides increasing capital provision, HDBank's loan portfolio continues to grow in traditional sectors, accounting for the main proportion of total loans, such as agriculture and rural areas, remote areas, small and medium-sized enterprises, supply chains, industrial real estate, social housing, and microfinance.

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