Deputy Prime Minister Le Minh Khai chaired a meeting on August 17 with relevant parties to review State Bank of Vietnam (SBV) Circulars No. 06 dated June 28, 2023 and No. 03 dated April 23, 2023, the Government News reported.

The meeting was held following a request from Prime Minister Pham Minh Chinh in an Official Dispatch on August 16 that stated that the two Circulars have created obstacles to businesses’ access to credit. In attendance were SBV Governor Nguyen Thi Hong and deputy governors, leaders from the Office of the Government and the Ministries of Finance, Planning and Investment, and Justice; and representatives from real estate businesses and associations.

“In all areas, including banking, the government and government leaders absorb comments and thoroughly assess them and work with relevant parties to find suitable and practical solutions,” the Deputy Prime Minister said.

The meeting therefore aimed to hear of, discuss, and clarify contents and issues businesses and associations to find inadequate and put forward recommendations to higher authorities to produce appropriate, effective, and legal measures, he said.

Representatives from the SBV and the three ministries held specific discussions on certain issues with associations and businesses, saying that it was a chance for the central bank and ministries to hear from industry insiders and thoroughly assess the impact and identify measures that support businesses while ensuing security in credit.

The SBV issued Circular No. 06/2023/TT-NHNN on June 28, amending and supplementing a number of Articles in Circular No. 39/2016/TT-NHNN dated December 31, 2016 regulating the lending operations of credit institutions and foreign bank branches.

On April 23, the SBV issued Circular No. 03/2023/TT-NHNN on the termination of the effectiveness of Paragraph 11, Article 4 of Circular No. 16/2021/TT-NHNN dated November 10, 2021 regulating the trading of corporate bonds by credit institutions and foreign bank branches.