Restructuring the credit institution system, strictly handling cross-ownership behavior

(Dan Tri) - Deputy Prime Minister Ho Duc Phoc requested to strengthen supervision of the activities of credit institutions; prevent and strictly handle acts of cross-ownership and illegal credit granting.

On the afternoon of August 7, Deputy Prime Minister Ho Duc Phoc chaired a meeting of the National Monetary Policy Advisory Council.

Deputy Prime Minister Ho Duc Phoc stated that currently, the demand for infrastructure development spending is very strong; spending on education , healthcare, promoting the application of science, technology, innovation; and supporting production and business enterprises is also very large.

The Government leader requested experts to analyze and forecast the situation and give in-depth comments on solutions for fiscal policy management in conjunction with monetary policy and other macroeconomic policies to ensure the implementation of the set goals and tasks.

Analyzing the actual situation in the country and the world, experts emphasized the need to stabilize macroeconomic factors to ensure rapid and sustainable growth, "if you want to go fast and far, you must rely on the foundation of stability".

Experts also emphasized that "public investment" is an important pillar of growth. Therefore, it is necessary to focus on implementing it in a focused, key, synchronous and effective manner, along with efforts to ensure disbursement progress according to the set targets.

In addition, experts also said that it is necessary to focus on investing in developing information technology infrastructure; building and effectively implementing a comprehensive strategy for developing Vietnam's self-reliant and sustainable industry in the electronics, microchip, mechanical, manufacturing, textile, and agricultural processing sectors.

Deputy Prime Minister Ho Duc Phoc chairs a meeting of the National Monetary Policy Advisory Council (Photo: VGP).

In his concluding remarks, Deputy Prime Minister Ho Duc Phoc requested the State Bank, the Ministry of Finance and relevant ministries and branches to focus on completing legal documents according to the assigned plan, including institutions related to gold market management.

Ministries and sectors need to operate monetary policies proactively, flexibly, promptly, effectively, in accordance with macroeconomic developments and set targets. Thereby, closely, harmoniously and synchronously coordinate with fiscal policies and other macroeconomic policies, contributing to promoting growth, stabilizing the macro economy, ensuring major balances of the economy, meeting capital needs for production and business of people and enterprises.

The Deputy Prime Minister also emphasized the need to manage credit quality well, direct cash flow into priority areas; focus on effectively implementing credit packages related to social housing development, innovation, digital transformation, science and technology, etc.

The Government leader also requested to continue restructuring credit institutions in conjunction with handling bad debts; strictly control credit in areas with potential risks.

In addition, strengthen monitoring, inspection, examination and supervision of credit institutions' operations; prevent and strictly handle cross-ownership and illegal credit granting; develop and implement a roadmap to eliminate credit "room" with appropriate criteria and standards, ensuring publicity, transparency, improving credit quality and system safety.

Source: https://dantri.com.vn/kinh-doanh/co-cau-lai-he-thong-to-chuc-tin-dung-xu-nghiem-hanh-vi-so-huu-cheo-20250807203830294.htm