Banks propose to be supplemented with capital, moving towards eliminating credit limits
Deputy Governor Dao Minh Tu said that he will continue to innovate credit growth management measures and
implement a roadmap to gradually reduce and move towards eliminating the management of credit growth allocation targets.
2025 is identified as the year of acceleration and breakthrough to reach the finish line for the entire 2021 - 2025 term.
The Government has set a target of achieving a growth rate of at least 8%, creating momentum, creating force,
creating momentum for Vietnam to grow by double digits in the following years.
Regarding solutions for managing monetary and credit policies, Deputy Governor Dao Minh Tu said that he will continue
to manage monetary policies proactively, flexibly, and in a synchronous, harmonious, and close manner with fiscal policies
and other macroeconomic policies to help promote economic growth, stabilize the macro economy, and control inflation.
“The State Bank continues to innovate measures to manage credit growth and implement a roadmap to gradually reduce
and eventually eliminate the allocation of credit growth targets for each organization. In particular, the State Bank will promptly
adjust and increase credit growth targets for credit institutions based on macroeconomic developments and reality,
without needing written requests from credit institutions to promote economic growth,” said Deputy Governor Dao Minh Tu.
The Deputy Governor added that this unit will actively remove and handle difficulties and obstacles in accessing and absorbing
credit capital of businesses and people. Some very effective credit programs have been expanded and scaled up many times.
There is a policy of restructuring debt repayment terms and maintaining the debt group, which has helped people and
businesses overcome difficulties, especially after the impact of storm No. 3.
Currently, the State Bank has completed the compulsory transfer of 4 weak banks. Bad debts are focused on handling and
controlling lower than the set target of 3%. Commercial banks improve their management and operational capacity,
financial capacity and profitable business.
Speaking at the working session between the Prime Minister and commercial banks, Mr. Pham Toan Vuong - member of the
Board of Members, General Director of Agribank said that in 2025, Agribank was assigned by the State Bank a credit
growth target of nearly 13%, equivalent to an increase of over 200,000 billion VND.
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