Additional state capital investment at the Joint Stock Commercial Bank for Foreign Trade of Vietnam is necessary.

Implementation of the Constitution; implementation of laws, resolutions of the National Assembly, ordinances, resolutions of the National Assembly Standing Committee; implementation of the state budget in 2024, state budget estimates, central budget allocation plan in 2025; some contents on adjusting and supplementing the state budget estimates; policy on adjusting the National Land Use Planning for the 2021-2030 period, with a vision to 2050; policy on additional investment of state capital at the Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ) and the draft Law on Electricity (amended).

Vice President of the National Assembly - Nguyen Thi Thanh chaired the meeting at the Hall.

Participating in the discussion on the policy of additional state capital investment at Vietcombank, delegate Phan Thi My Dung - Director of the Department of Justice of Long An province, said that in recent years, the socio-economic development of our country, besides the achievements and results, has also faced many difficulties and challenges, especially after the Covid-19 pandemic. There was a time when production and business activities of people and enterprises almost slowed down, but with the correct and timely decisions and policies of the Party, the determination and drasticness of the Government, sectors and levels, the consensus of people and enterprises, we have proactively had timely policies and solutions to restore demand, stimulate demand, and unblock economic development resources, including monetary, credit and banking policies, and have really responded effectively and efficiently to the economic development of the country in the current period.

At the 8th session of the 15th National Assembly, the Government presented the matter of additional state capital investment in Vietcombank to the political institutions in the Resolutions of the Party Central Committee and the Resolution of the National Assembly, with policies on improving the efficiency and competitiveness of state-owned enterprises, including those operating in the banking and finance sector; to play a leading and pivotal role in a number of important fields, contributing to promoting the socio-economic development and the industrialization and modernization of the country.

National Assembly Delegate Phan Thi My Dung - Director of the Department of Justice of Long An province, commented on the policy of investing additional state capital at the Joint Stock Commercial Bank for Foreign Trade of Vietnam.

With very clear and valid practical bases, delegate Phan Thi My Dung of the National Assembly Delegation of Long An province, highly agreed at the 8th Session, the National Assembly allowed the additional investment of state capital at Vietcombank from the remaining profits in 2021. The additional investment of state capital at Vietcombank aims to create conditions for Vietcombank to meet the minimum capital safety ratios according to current regulations and when its financial capacity is enhanced, it will help Vietcombank promote its key role in implementing the policies of the Party, State and Government in supporting the economy and businesses such as developing priority areas, providing credit for important national projects with special capital needs, contributing to socio-economic development; creating resources to support weak banks, stabilizing the monetary market and contributing to stabilizing the economy; increasing operational efficiency and increasing State budget contributions, striving to raise the position of Vietnamese banks in the region and internationally. In particular, investing state capital in Vietcombank brings efficiency to the state through fulfilling obligations to the state budget.

Previously, on the afternoon of October 23, at the National Assembly Building, under the direction of Vice Chairwoman of the National Assembly - Nguyen Thi Thanh, the National Assembly listened to the Submission and Verification Report on additional investment of state capital at Vietcombank from the remaining accumulated profits up to the end of 2018 and the remaining profits in 2021./.

Source: https://baolongan.vn/viec-dau-tu-bo-sung-von-nha-nuoc-tai-ngan-hang-thuong-mai-co-phan-ngoai-thuong-viet-nam-la-can-thiet-a184722.html