Party chief commends role of banking sector in growth
Party General Secretary Nguyen Phu Trong (5th from left) poses for a photo with leaders of the banking sector from different periods (Photo: VNA)
Party General Secretary Nguyen Phu Trong lauded efforts and achievements made by the banking sector during the national cause of economic development as he delivered a speech at a ceremony marking the sector’s 70th founding anniversary (May 6).
Describing the sector as the lifeblood of the economy, he hoped it to continue contributing to the nation’s reform, industrialisation and modernisation.
The Party leader recommended the sector enhance the efficiency of the State Bank of Vietnam (SBV)’s management and monetary policy, while ensuring the security, safety, and effectiveness of credit organisations’ operations.
The sector should keep up its efforts to control inflation, stabilise the macroeconomy, mobilise and meet demand for credit, and offer banking services serving socio-economic growth, Trong said.
Party General Secretary Nguyen Phu Trong speaks at the event (Photo: VNA)
At the event held on May 5, State Bank Governor Nguyen Thi Hong underscored the SBV will closely follow orientations and policies issued under the 13th Nation Party Congress’s Resolution in directing and managing banking activities in contribution to realizing targets set in the 2021 – 2025 plan and 2021 – 2030 strategy for socio-economic development as well as the vision toward 2045.
The SBV will boost the effectiveness of its monetary policy monitoring and its capacity to adapt to domestic and global economic fluctuations so as to realize the goals of inflation control, stable macroeconomics, helping enhance the economy’s independence and autonomy amid international integration, she noted.
Restructuring, completing legal frameworks, persifying services, and promoting administration reform and innovation are also other tasks of the sector, the SBV governor added.
On the occasion, the SBV was conferred with the Labour Order, first class./.
Related News

State-owned commercial banking sector performs optimistic growth, but more capital in need
09:28 | 31/10/2024 Finance

Increase defense against fraud in the financial and banking sector
10:14 | 14/08/2024 Finance

SBV drafts regulations on a testing mechanism for Fintech
09:52 | 11/03/2024 Regulations

Banking sector focuses on credit institution restructuring associated with bad debt settlement
15:10 | 29/06/2023 Finance
Latest News

Securities 2025 expects a breakthrough in scale and quality
14:37 | 10/02/2025 Finance

Cash reserves in stock accounts at six-quarter low amid margin rise
08:23 | 10/02/2025 Finance

Five solutions for developing stock market in 2025
10:01 | 07/02/2025 Finance

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday
14:43 | 04/02/2025 Finance
More News

The stock market after Tết 2025 presents both challenges and opportunities
07:55 | 04/02/2025 Finance

Opportunities and challenges in Việt Nam's crypto boom
14:27 | 03/02/2025 Finance

Đà Nẵng aiming to become a regional financial centre before 2050
19:05 | 01/02/2025 Finance

Which investments to make in 2025?
20:53 | 30/01/2025 Finance

5 strategies for reallocating houses and land
18:36 | 29/01/2025 Finance

Stock market expected to rebound positively after Tết holiday: expert
18:36 | 28/01/2025 Finance

Ministry of Planning and Investment proposes piloting a cryptocurrency exchange at financial centres
23:07 | 27/01/2025 Finance

Banks selling mortgaged assets to recover bad debts
10:19 | 24/01/2025 Finance

Keeping inflation in check a priority for 2025
11:05 | 22/01/2025 Finance
Your care

Securities 2025 expects a breakthrough in scale and quality
14:37 | 10/02/2025 Finance

Cash reserves in stock accounts at six-quarter low amid margin rise
08:23 | 10/02/2025 Finance

Five solutions for developing stock market in 2025
10:01 | 07/02/2025 Finance

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday
14:43 | 04/02/2025 Finance

The stock market after Tết 2025 presents both challenges and opportunities
07:55 | 04/02/2025 Finance