In the recently issued directive, the Prime Minister requested strict control and supervision of credit granting by credit institutions; At the same time, immediately carry out inspection and examination of the gold market and activities of gold trading enterprises.
In Directive No. 14 on implementing the task of operating monetary policy in 2024, focusing on removing difficulties for production and business, promoting macroeconomic growth, just signed by Prime Minister Pham Minh Chinh. promulgated, the Prime Minister requested the State Bank (SBV) to closely monitor the world and domestic situation to forecast and manage monetary policy proactively, flexibly, promptly and effectively, especially operating harmony and reasonableness between interest rates and exchange rates.
Managing credit growth effectively is associated with macroeconomic stability, controlling inflation, promoting economic growth, and ensuring the safety of banking operations and the credit institution system.
Strengthen inspection, examination, control and strict supervision of credit granting by credit institutions; At the same time, immediately carry out inspection and examination of the gold market, activities of gold trading enterprises, stores, distribution agents and gold bar trading.
The Prime Minister requested the State Bank to immediately carry out inspection and examination of the gold market. Photo: Minh Hien
The Prime Minister assigned the State Bank to direct credit institutions to actively deploy credit growth solutions, directing credit to production, business, priority areas and growth drivers; Strictly control credit for potentially risky areas, ensuring safety, efficiency and controlling liquidity risks.
The Prime Minister requested to continue to reduce costs and strive to reduce lending interest rates to a reasonable level; Seriously implement the public and transparent announcement of average lending interest rates so that businesses and people can conveniently choose lending banks with low interest rates, suitable to the requirements for using credit capital. At the same time, there are appropriate credit solutions for feasible and effective BOT and BT traffic projects…
In addition, the Prime Minister requested the Ministry of Public Security to coordinate with the State Bank of Vietnam to urgently have solutions to prevent and handle cross-ownership and manipulation at credit institutions, ensuring the safety of the system of institutions. credit and financial and monetary security.
The Ministry of Finance urgently reviews and completes regulations related to securities and corporate bonds, developing the stock market to become an effective medium and long-term capital mobilization channel for businesses.
The Ministry of Construction closely coordinates with the State Bank, ministries, branches and localities to have practical and effective solutions to implement the Project to build 1 million social housing units.
The Ministry of Natural Resources and Environment builds and perfects the land information system, coordinating with the Ministry of Construction to connect with the housing and real estate market information system.
At the meeting on gold market management solutions held last month, the Prime Minister also requested the State Bank of Vietnam, the Ministry of Public Security, the Ministry of Finance, the Ministry of Industry and Trade, and the Government Inspectorate to continue to strictly carry out inspection work. , check; Strictly handle acts of speculation, manipulation, and hoarding to push up gold prices.
