Prime Minister Pham Minh Chinh has asked the banking sector to review and adjust policies and tackle difficulties to boost the country’s real estate market.

At a meeting with the State Bank of Vietnam (SBV) on January 27, the government leader also sought measures to deal with credit difficulties, bad debts, corporate bonds, and the construction of social housing for workers.

He directed the banking sector to give priority to maintaining macro-economic stability, controlling inflation, spurring growth, and ensuring major economic balances.

The SBV was also urged to intensify inspections and supervision, ensure transparency, promote digital transformation, improve service quality, and support innovation and small and medium-sized enterprises (SMEs).

It needs to further consolidate monetary institutions, mechanisms, and policies to create a suitable legal framework, thus giving a boost to monetary and credit markets and ensuring the banking sector is safe, healthy, effective, and sustainable, the Prime Minister said.