State Bank Governor Nguyen Thi Hong speaks and answers questions at the National Assembly .
According to Governor Nguyen Thi Hong, the State Bank is one of the agencies that manage macroeconomic policies. The country's economy has achieved many important achievements after 40 years of renovation. However, there are still shortcomings and limitations in the development process. Therefore, assessing and reviewing economic growth drivers is very necessary and this is also a requirement of the Party Central Committee, the Politburo , and the National Assembly to resolutely implement to enter a new era.
At the question-and-answer session on the morning of June 19, National Assembly deputies had many in-depth questions, raising many issues for Government agencies to study and implement in order to achieve the set goal of accelerating economic growth by at least 8% or more in 2025, preparing to enter a period of double-digit growth in the following years.
Analyzing from an investment perspective, Governor Nguyen Thi Hong said that the country's economic growth relies on a huge amount of capital. However, the efficiency of resource use is not high, reflected in Vietnam's ICOR index.
This has also been answered by Minister of Finance Nguyen Van Thang before the National Assembly and set out requirements to continue improving the efficiency of capital use, especially attracting foreign investment capital, especially attracting FDI capital.
Governor Nguyen Thi Hong said that the economy has not yet taken advantage of many advantages in terms of capital, technology transfer, management skills and there is no connection between the foreign economic sector and the domestic sector.
"Therefore, there needs to be a change, a renewal in the FDI attraction strategy in the coming period towards transferring capital, management technology and linking more closely with the domestic economy," said Governor Nguyen Thi Hong.
Governor Nguyen Thi Hong said that the Ministry of Finance is the focal agency for coordinating the macro economy, so to achieve high economic growth, it must rely on domestic and foreign capital sources.
According to Governor Nguyen Thi Hong, foreign capital is very diverse such as attracting FDI capital, indirect investment, foreign debt, we have room to expand foreign attraction.
Minister Nguyen Van Thang also clearly affirmed that we can fully allocate capital and ensure the safety of public debt and foreign debt indicators.
From experience in macroeconomic management, Governor Nguyen Thi Hong said that it is necessary to pay attention to domestic capital. If we depend heavily on bank credit capital, including medium and long-term capital, it will pose systemic risks and may cause consequences for the economy.
"Therefore, it is difficult for us to achieve both high growth and sustainability. This is an issue that the Ministry of Finance, the State Bank, as well as ministries and sectors managing the macro economy in the coming period must pay close attention to when balancing capital sources for economic growth targets," said Governor Nguyen Thi Hong.
V. Ton/News and Ethnic Newspaper
Source: https://baotintuc.vn/thoi-su/thong-doc-nguyen-thi-hong-neu-phu-thuoc-vao-von-tin-dung-ngan-hang-se-tiem-an-nhieu-rui-ro-20250619115239653.htm
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