The government has issued a resolution requesting that the State Bank of Vietnam (SBV) focus on effectively handling weak commercial banks.

Four weak banks in need of restructuring are Dong A Bank, CB Bank, Ocean Bank, and GP Bank.

The government also asked the central bank to coordinate with agencies and localities to implement monetary policies effectively, flexibly, and proactively in connection with fiscal policies and other policies, to contribute to maintaining the macro-economy, curbing inflation, stabilizing the monetary market, and promoting growth.

The SBV was also directed to ensure safety in the banking system and to handle bad debts.

The government instructed it to prioritize credit for production and trade and fields that are growth drivers, while tightening control over fields with high risks, to create the conditions needed for individuals and businesses to gain better access to credit, and to take appropriate credit measures to tackle difficulties in real estate and other sectors.