(Chinhphu.vn) - Prime Minister Pham Minh Chinh has just signed Official Telegram No. 32/CD-TTg dated April 5, 4 to the Governor of the State Bank of Vietnam on solutions to manage credit growth in 2024 .
To continue to improve the efficiency of credit growth management in 2024, while strengthening state management of the monetary and banking sectors, proactively, flexibly, harmoniously and promptly, effective monetary policy tools, especially interest rates, exchange rates, and credit to prioritize promoting economic growth, maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy. economy, the Prime Minister issued Official Dispatch No. 18/CD-TTg dated March 05, 3 on managing credit growth in 2024, however, credit growth will only reach March and the first quarter of 2024. about 3%. The Prime Minister requested:
1. The State Bank of Vietnam presides and coordinates with relevant agencies:
a) Continue to closely monitor world and domestic economic developments and situations, operate monetary policy more proactively, flexibly, promptly and effectively; Drastically and effectively implement tasks and solutions, especially promoting credit growth and reducing lending interest rates according to the Prime Minister's direction in Official Dispatch No. 18/CD-TTg dated May 05. March 3 and related documents to prioritize promoting economic growth, removing difficulties for production and business associated with macroeconomic stability, controlling inflation, ensuring major balances of the economy, safety of banking operations and the system of credit institutions.
b) Urgently, effectively and promptly implement credit growth solutions in accordance with macroeconomic developments, inflation, and meet the capital needs of the economy to remove difficulties for businesses. businesses and people, supporting production and business development, creating jobs and livelihoods for people; Direct credit institutions to direct credit to production and business areas, priority areas and traditional economic growth drivers such as consumption, investment, export and strongly promote digital transformation , green transformation, response to climate change, circular economy, science, technology and innovation...; Strictly control credit for risky areas, ensuring safe and effective credit operations; Continue to have breakthrough policies with preferential credit packages to help remove difficulties in accessing credit for businesses and people.
c) Urgently comprehensively review, analyze and thoroughly evaluate the results of implementing credit limits of the system of credit institutions for the economy, each industry and each field according to authority and regulations. The provisions of law have measures to manage credit growth limits in 2024 more effectively, feasible and promptly, absolutely avoiding congestion, delays or untimely events, ensuring the implementation of targets. The credit growth target set for 2024 and the safety of the credit institution system; In case of content beyond authority, promptly report and propose to competent authorities according to regulations.
d) Continue to effectively implement appropriate solutions to reduce lending interest rates while increasing access to credit capital to support people and businesses in developing production and business, ensuring Providing enough credit capital, serving and meeting the capital needs of the economy and safety of the credit institution system in accordance with the Prime Minister's direction in Official Dispatch No. 18/CD-TTg dated May 05. March 3.
d) Direct and request credit institutions:
– Publicize loan interest rates and implement credit packages before April 10, 4 in accordance with the direction of the Government in Notice No. 2024/TB-VPCP dated April 134, 02 ; Any organization that fails to comply will be strictly handled by the Governor of the State Bank of Vietnam according to its authority and publicly in accordance with the provisions of law.
– Continue to reduce costs, simplify administrative procedures, increase the application of information technology, digital transformation..., strive to reduce lending interest rates to contribute to promoting production and business , creating livelihoods for people and constantly supporting people and businesses.
– Promote effective implementation and ensure publicity and transparency of preferential credit packages suitable to the characteristics of each credit institution for important fields that contribute to promoting the growth engines of the economy. economic according to the Government's policies; promote the role and enhance social responsibility and business ethics of credit institutions in understanding, sharing and supporting people and businesses; in the spirit of working together, enjoying together, winning together, and developing together in a sustainable and long-term manner.
e) Direct state-owned commercial banks to immediately research the construction and provision of credit packages for social housing buyers with a term of up to 15 years, preferential interest rates lower than normal commercial loans and lending to businesses and social housing investors at more preferential interest rates so that low-income subjects have the opportunity and motivation to buy houses or have advantages in renting or lease-purchasing; Continue to research and consider lowering interest rates, simplifying procedures, and facilitating the borrowing of VND 120.000 billion in support capital in accordance with the actual situation in accordance with the Prime Minister's direction in Notice No. 123/TB-VPCP dated March 27, 3.
g) Promote and strengthen inspection, examination, control and strict supervision of credit granting by credit institutions and have effective solutions to promptly handle bad debts of the credit institution system .
2. Deputy Prime Minister Le Minh Khai focuses on directing the State Bank of Vietnam and related agencies to drastically, promptly and effectively implement the proposed tasks and solutions.
3. The Government Office monitors and urges according to assigned functions, tasks and authority./.
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