2024 is a year of acceleration and breakthrough, which is of special significance for the successful implementation of the 5-year Plan 2021 - 2025. In the context of the forecast of many difficulties in the world economic situation, achieving the set goals requires great determination and efforts of the entire political system with the motto "5 increases" including increasing access to and absorption of credit, especially for small and medium enterprises, traditional growth drivers and new growth drivers.
With the enhancement of removing legal obstacles and credit quality. Strengthening close and effective coordination between the State, banks, enterprises and the management and operation capacity of banks and the financial market; Increasing publicity and transparency in mobilization and lending interest rates and combating black credit. Strengthening supervision, inspection and risk prevention, fighting corruption and negativity; "5 reductions" include reducing lending interest rates at a reasonable level. Reducing transaction and operating costs. Reducing administrative procedures. Reducing hassles and harassment. Reducing negativity, group interests, "backyards"...; "5 accelerations and breakthroughs" include accelerating breakthroughs in digitalization, accelerating breakthroughs in service quality, accelerating breakthroughs in human resource quality. Accelerating breakthroughs in banking infrastructure. Accelerating breakthroughs in serving production and business, creating jobs and livelihoods for people, contributing to economic growth. With a consistent leadership perspective that closely follows the situation and practical requirements, timely and effective policy responses, without subjectivity, perseverance, steadfastness, and determination to achieve the set strategic goals, constantly innovate, be proactive, flexible, creative, quickly "turn the situation around", "change the state", maintain solidarity, unity, join forces, and unanimity. [caption id="attachment_1239923" align="aligncenter" width="1000"]
Photo Collection[/caption] Accordingly, the State Bank of Vietnam closely monitors the world and domestic situation to forecast and operate monetary policy proactively, flexibly, promptly and effectively, especially the harmonious and reasonable management between interest rates and exchange rates. Effectively manage credit growth in conjunction with macroeconomic stability, control inflation, promote economic growth, ensure the safety of banking operations and the credit institution system. Strengthen inspection, examination, control and close supervision of credit granting by credit institutions, immediately carry out inspection and examination of the gold market, operations of gold trading enterprises, stores, agents distributing and trading gold bars, perfect the inspection and examination system to ensure smoothness, connection from the central to local levels, effectiveness and efficiency. Promote communication work on mechanisms and policies on monetary policy management and banking operations; focusing on new policies, policies that directly affect people and businesses such as exchange rate, credit, interest rate, savings, loans, payments, etc. through diverse and rich forms of communication, ensuring transparency, in accordance with international commitments and legal regulations. Actively deploy solutions to increase credit growth, direct credit to production, business, priority sectors and growth drivers; strictly control credit for potentially risky sectors, ensure safety, efficiency and control liquidity risks. Continue to reduce costs, strive to reduce the lending interest rate level to a reasonable level; seriously implement the public announcement and transparency of average lending interest rates so that businesses and people can easily choose banks with low interest rates, suitable for their credit needs. Increase lending for life and consumption, promote lending through electronic and online forms. Diversify banking credit products and services to suit each customer and market segment, type, production and business needs of people, enterprises, and cooperatives, especially legitimate and legal borrowing needs to serve people's lives and consumption. [caption id="attachment_1239924" align="aligncenter" width="1000"] 
Photo Collection[/caption] Promote the implementation of credit programs, projects and policies such as: Credit program of 30,000 billion VND for the forestry and fishery sector; Credit program contributing to the implementation of the Project "Sustainable development of one million hectares of high-quality and low-emission rice cultivation associated with green growth in the Mekong Delta by 2030" actively, proactively and effectively implement the program connecting banks and enterprises in appropriate forms. Promote the pioneering and exemplary role of state credit institutions; enhance the social responsibility and business ethics of credit institutions in sharing and supporting people and businesses according to the viewpoint of "Harmonious benefits, shared risks". For the Ministry of Finance, continue to operate a reasonable, focused, and key expansionary fiscal policy, coordinate synchronously, harmoniously, flexibly, and closely with monetary policy and other macroeconomic policies to promote growth, stabilize the macro economy, control inflation, ensure major balances of the economy, promptly review and complete regulations related to securities and corporate bonds, develop the stock market into an effective medium- and long-term capital mobilization channel for enterprises, coordinate with the People's Committees of provinces and centrally-run cities to focus on implementing solutions to improve the operational efficiency of the Credit Guarantee Fund for small and medium-sized enterprises.Cong Dao
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