Prime Minister Pham Minh Chinh has asked the banking sector to continue effectively implementing credit solutions to address difficulties and boost the production and trade of businesses and individuals.

Chairing a conference on January 8 to implement tasks in the banking sector during 2024, Prime Minister Chinh asked the sector to adopt appropriate credit policies for prioritized fields such as digital transformation, green transition, circular economy, energy transition, strategic infrastructure, healthcare infrastructure, and education.

He urged the State Bank of Vietnam (SBV) to continue implementing the master plan on restructuring credit institutions in connection with handling bad debts in the 2021-2025 period, striving to fulfill assigned targets and take measures to control bad debts while ensuring safety and security at credit institutions.

The SBV was also directed to continue renewing and improving the efficiency of inspection and supervision tasks to identify and handle violations to ensure the security of the monetary and banking markets.

Prime Minister Chinh applauded the sector for its important contribution to fulfilling the government’s goals of stabilizing the macro-economy, curbing inflation, and ensuring major balances in the economy.