The conference was attended by Deputy Prime Ministers Le Minh Khai and Tran Hong Ha; ministers and heads of ministerial-level agencies; leaders of ministries and sectors; chairmen and general directors of 38 commercial banks; representatives of the Vietnam Banking Association; and other associations and industries.
Opening the conference, Prime Minister Pham Minh Chinh stated that, in the past period, facing the difficulties and challenges of the economy , the Government, ministries, localities, businesses, banks, and people have made efforts to overcome them and promote development. However, there are still shortcomings, limitations, difficulties, and challenges. In light of this situation, the Government organized the "Dien Hong" conference to discuss solutions to overcome difficulties in credit growth for production and business, thereby promoting growth and stabilizing the macroeconomy.
According to the Prime Minister, the global economic situation is facing common difficulties, but these differ from country to country. Global issues require a global approach, emphasizing multilateralism; issues affecting the entire population require a people-to-people approach; however, it is necessary to study global experiences and apply them creatively to the situation in Vietnam.
The Prime Minister emphasized that banks and businesses are part of an economic ecosystem. The development of banks and businesses is interrelated and linked to the development of the economy. The Platform for National Construction during the Transition Period to Socialism has drawn five main lessons, including the lesson of national unity and the lesson of the people making history. We must apply these lessons to build and develop the country, especially in the face of difficulties and challenges.
Vietnam is a developing country with a transitional economy. Vietnam is building a socialist-oriented market economy. Therefore, there must be a roadmap to reduce the use of administrative tools for market regulation and instead utilize market mechanisms to govern the market.
Prime Minister Pham Minh Chinh urged delegates to speak frankly, to face the truth directly; to listen to and absorb each other's opinions; to strive, make efforts, be determined, and be accommodating and willing to sacrifice; and to contribute initiatives to overcome difficulties together and develop together, in the spirit of "harmonious interests and shared risks".
According to the State Bank of Vietnam, as of November 30th, credit to the economy reached over 13 million billion VND, an increase of 9.15% compared to the end of 2022. Of this, outstanding loans to the agriculture, forestry, and fisheries sector reached approximately 918.6 trillion VND; the industry and construction sector reached over 3.32 million billion VND, an increase of 7.31%; and the service sector reached nearly 8.6 million billion VND, an increase of 7.9%. However, credit growth remains low compared to the target; access to capital for individuals and businesses remains limited…
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