Illustrative photo. (Source: VNA)The COVID-19 pandemic has taken a heavy toll on the economyand banks’ operation over the last 18 months and it is likely to evolvecomplicatedly, making it important for the country to fight COVID-19 and boosteconomic recovery at the same time, Tu said.
As the pandemic lingers on, more and more enterprises are introuble with declining resilience, he said, noting that it necessitates strongerand more active aid from all banks for the affected through debtrestructuring and interest rate reduction.
The official emphasised that the banking system should continueproviding active and substantive support to businesses and at the same time,maintain its financial capacity and security of the national finance.
The SBV will maintain flexible monetary policies andincorporate them with other fiscal and macro-economic policies to keep inflationunder control, and stabilise the economy and support economic recovery, headded./.
VNA
