Vietnam's Prime Minister Orders Faster Progress on SCB Asset Resolution

The Government Office sent out a notice about the Prime Minister's meeting with the State Bank of Vietnam (SBV) and credit institutions.
The Prime Minister said the banking system is very important for the economy, helping to keep it stable and promote growth.
The government told the SBV to make sure all policies help keep the economy stable and safe. People and businesses should have easy access to credit and banking services.
From 2026 to 2030, the banking sector needs to focus on being safer, more efficient, and more modern.
The banking sector must grow in a safe and controlled way, with a balance between expansion and quality.
Monetary policy must balance controlling inflation and supporting economic growth.
The Prime Minister said monetary policy should focus on controlling inflation and keeping the economy stable, while also supporting growth.
Policy decisions should be based on accurate data and forecasts.
The Prime Minister told authorities to find the right balance between controlling inflation and supporting growth.
Management measures should be updated regularly using monetary policy tools.
Authorities should adjust policy tools to maximize their effectiveness.
The Prime Minister called for interest rates to be managed proactively and flexibly.
The SBV was told to direct credit institutions to reduce costs and stabilize interest rates.
The Prime Minister asked the central bank to manage the currency in line with market developments.
Authorities should prepare scenarios to maintain market stability and study regulations for hedging against exchange-rate fluctuations.
The SBV should manage credit growth in line with targets, but also be flexible.
Credit management should ensure that capital reaches the right sectors at the right time.
The Prime Minister wants faster action on SCB collateral assets.
The Prime Minister instructed the SBV to work with the Ministry of Finance to manage State Treasury deposits and deposits at commercial banks.
The criteria for these measures must be clearly defined and made public.
The government wants to complete a project to modernize the banking system and improve access to capital for small and medium-sized enterprises.
The Prime Minister called for stronger supervision and control of weak credit institutions.
The SBV was told to coordinate with other ministries to accelerate the plan for handling collateral assets associated with SCB.
The Prime Minister stressed the need to improve inspections and supervision of credit institutions.
Authorities should strengthen early-warning mechanisms to identify risks early.
The restructuring of state-owned enterprises will be accelerated.
The Ministry of Finance was told to continue implementing policies to support individuals and businesses.
Tax and customs procedures should be simplified, and public investment disbursement should be accelerated.
Ministries and government agencies were instructed to finalize plans to accelerate the restructuring of enterprises with state capital.
These efforts must be carried out effectively and in accordance with assigned responsibilities.
Tran Thuong