Headquarters of SBV in Hanoi. (Photo: VNA)He asked the central bank to conduct reviews on the results ofcredit issuance by financial institutes across the country, includingcommercial banks and credit institutions, to stabilise interest rates andstimulate credit growth in 2024, with an emphasis on the timely and sufficientprovision of credit to serve the economy and the safety of the financialsystem.
The PM stressed the importance of taking a proactive, flexible andtimely approach to monetary policies in 2024, in line with the main objectivesoutlined in Resolution 01/NQ-CP dated January 5, which prioritises promotingeconomic growth, resolving difficulties for production and business, meetingforeign currency needs for production and business, and ensuring macroeconomicstability and inflation control.
The directive said top priorities in 2024 will continue to bereducing interest rates for loans, coupled with enhancing access to credit tosupport the development of production and business, as well as ensuringsufficient and healthy credit and foreign exchange.
In addition, it emphasises stronger inspection, control andsupervision of credit issuance by credit institutions. This is to ensure a flowof credit, including foreign currency credit, concentrated in priority andimportant areas and growth drivers of the economy and serving the needs ofbusiness.
The issuance of credit outside legal regulations, to inappropriatesubjects, and the granting of credit to executives, management boards, andtheir related individuals as well as shadow businesses at preferential interestrates, will be strictly dealt with.
The central bank has been told to keep interest rates low andincrease the application of IT technology, as well as promote socialresponsibility and business ethics among credit institutions./.
VNA
