Speaking at a teleconference to review the activities of the State Bank of Vietnam (SBV) in the first half and launch its tasks for the remainder of this year, PM Chinh asked the central bank to pursue active, flexible and effective monetary policy while accelerating decentralisation and administrative reform.

PM Pham Minh Chinh at the event.

Capital should be geared toward priority areas and growth driving forces, while loan interest rates must be cut to facilitate citizens and businesses’ access to credit, he said.

The PM ordered that the forex rates must be managed actively and flexible, with the global and domestic situations taken into consideration. Drastic and effective efforts must be exerted to carry out a scheme on restructuring credit institutions and dealing with bad debts for the 2021-2025 period.

As the size of the domestic corporate bond market remains modest compared to those of other countries and the set target, he ordered the raising of capital through bond issuance to support economic recovery.

The leader called on the business community, together with the SBV and banking sector, to further strive to save costs, renovate corporate governance, step up digital transformation, and propel green growth and circular economy.

Ministries, agencies and localities were also urged to work closely with the bank and credit institutions to tackle difficulties in production and trade, especially via fine-tuning policies and mechanisms and reforming administrative procedures.

Registered capital for business establishment increased by 31%

(BGO) – According to the Department of Planning and Investment, 595 new businesses were established in the first four months in Bac Giang province with registered capital of over 11.7 trillion VND (499 million USD), up 31 percent year on year.

Four-month public capital disbursement reaches 14.66% of year's target

More than 110.6 trillion VND (4.7 billion USD) of public investment was disbursed in the first four months of this year, equivalent to 14.6% of the yearly target and lower than the 18.48% in the same period last year, according to the Ministry of Finance.

Deputy PM orders tightening discipline in public capital disbursement

Deputy Prime Minister Le Minh Khai on April 13 ordered tightening discipline in the disbursement of public investment capital, stating that it is the responsibility of ministries and agencies’ leaders.

Registered capital of newly established enterprise hits over 7.1 trillion VND

(BGO) – Since early this year, Bac Giang province has licensed 175 new businesses, up 3 percent with total registered capital of over 7.1 trillion VND (299.4 million USD), representing 4.3 fold increase year on year.

Capital mobilization from commercial banks up over 4.7 trillion VND

(BGO) – In the first quarter of this year, the commercial banks in Bac Giang province mobilized total capital of 90 trillion VND (3.8 billion USD) from the organizations, businesses and individuals, up over 4.7 trillion VND against the figure in December 31, 2022, reported the Bac Giang branch of the State Bank.

Source: VNA