The State Bank of Vietnam (SBV) on April 26 organized a ceremony to celebrate its 65th founding anniversary and receive Ho Chi Minh Order, the third of its kind.
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The central bank has made efforts and success in curbing inflation, monitoring the interest and exchange rates, stabilizing the macro-economy, maintaining the reasonable growth, restructuring, improving its operation and ensuring safety for the banking system.
Four key tasks for the sector
The PM pointed to four key tasks for the banking sector in the future:
Firstly, complete the institution, enhance the management capacity and effectiveness, forecast foreign and domestic economic situations, flexibly monitor the monetary policy, coordinate the fiscal policy and other polices, control the inflation rate as planned, ensure the value of the VND, maintain the suitable interest rate, stabilize the foreign currency and increase foreign reserves.
Secondly, comprehensively restructure credit organizations along with drastically dealing with bad debt, increase the quality of credits, propose policies for restructuring, addressing bad debts and lending for socio-economic development as well as focus on accelerating the financial capacity, banking management, anti-corruption and preventing money laundering.
Thirdly, concentrate on administrative reform, reducing expenditures and organizing dialogues with businesses in a regular and practical manner to tackle obstacles and difficulties.
Fourthly, establish a high professional and capable banking staff to meet the national industrialization and modernization and broader international integration.
