State Bank builds pilot roadmap to remove credit "room"

(Dan Tri) - The Prime Minister requested the State Bank to urgently develop a roadmap and pilot the removal of the measure of assigning credit growth targets to be implemented from 2026.

Building a pilot roadmap to remove credit "room"

Prime Minister Pham Minh Chinh has just signed Official Dispatch No. 128 requesting ministries, branches and localities to implement a number of important tasks and solutions to promote growth, control inflation and stabilize the macro- economy , ensuring major balances of the economy.

With the determination to strive for a GDP growth rate of 8.3-8.5% in 2025, the Prime Minister has made specific requests to each ministry, sector, and locality.

In particular, the State Bank coordinates with agencies to closely monitor developments, the world and domestic economic situation, and economic growth scenarios to proactively, flexibly, promptly, and effectively manage monetary policy. The head of the Government also requested this agency to urgently develop a roadmap and pilot the removal of the measure of assigning credit growth targets to be implemented from 2026.

The Prime Minister noted that it is necessary to strengthen monitoring, inspection, examination and close and comprehensive supervision of the operations of credit institutions; take measures to prevent, inspect, supervise and strictly handle according to the law acts of manipulation, cross-ownership, and granting credit to "backyard" enterprises.

The Government leader also requested to urgently develop a monetary policy management plan for the last months of 2025 and 2026, and report to the Government Standing Committee before August 30.

Prime Minister Pham Minh Chinh noted that it is necessary to strengthen monitoring, inspection, examination and close and comprehensive supervision of the operations of credit institutions (Photo: VGP).

Immediately implement necessary measures to upgrade the stock market

The Prime Minister also assigned the Ministry of Finance to preside over and coordinate with agencies to operate a reasonable, focused, and key expansionary fiscal policy, closely, harmoniously, and effectively coordinating with monetary policy and other macroeconomic policies.

At the same time, the Ministry needs to resolutely and effectively implement solutions to develop the capital market, stock market, and corporate bond market in a sustainable, stable, safe, and healthy manner to meet the medium- and long-term capital needs of the economy, reducing dependence on bank credit.

The Head of Government requested the Ministry of Finance to urgently deploy necessary measures to upgrade the stock market from a frontier market to an emerging market, promptly remove difficulties and obstacles to meet the upgrading criteria, and create favorable conditions for capital mobilization to develop the country's economy.

The Ministry of Industry and Trade is required to further strengthen solutions to manage and regulate production, stabilize supply and demand of goods, strongly promote domestic consumption, increase purchasing power, stimulate domestic consumption and tourism; strengthen supply and demand connections and trade promotion, proactively negotiate with countries with potential markets to continue expanding and diversifying export markets.

The Government leader assigned the Ministry of Construction to urgently implement solutions to stabilize supply and demand, prices and promote consumption of domestically produced goods and construction materials and develop specific plans to promote the effectiveness of social housing construction.

People's Committees of provinces and cities urgently review and thoroughly resolve long-standing and stuck projects to mobilize and release resources for economic growth and development.

The Prime Minister requested ministries, branches and government agencies, based on their functions, tasks and powers, to be more proactive and active in contributing to the whole country in achieving the goal of stabilizing the macro economy, controlling inflation below 4.5% and achieving growth of 8.3-8.5%.

Source: https://dantri.com.vn/kinh-doanh/ngan-hang-nha-nuoc-xay-lo-trinh-thi-diem-bo-room-tin-dung-20250807100657542.htm