Prime Minister Pham Minh Chinh signed an Official Dispatch on August 16 authorizing Deputy Prime Minister Le Minh Khai to immediately chair a meeting with the State Bank of Vietnam (SBV) and relevant agencies to study and amend Circular No. 06/2023/TT-NHNN to enhance enterprises’ access to credit, according to the Government News.

The Dispatch states that to continue timely and effectively adopting solutions to increase enterprises’ access to credit, to hear opinions from the people and enterprises, and to ensure that issued policies are suitable, not hinder development, and help resolve obstacles, the Prime Minister asked the Deputy Prime Minister to chair a meeting with the SBV Governor and leaders of the central bank, the Ministry of Justice, the Ministry of Finance, and the Office of the Government to study reports and direct the amendment and supplement of Circular No. 06 dated June 28, 2023, and unreasonable points in Circular No. 03/2023/TT-NHNN, dated April 17, 2023.

He sought a report prior to August 20.

Circular No. 06 has caused great concern among many real estate businesses as it reportedly contains many points that make it hard for them to access credit and reduces credit growth, which was already low in the first half of 2023.