PM works with ministries, agencies on finance-banking activities

20:05 | 23/04/2023 Finance Follow english.haiquanonline.com.vn on

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.

PM works with ministries, agencies on finance-banking activities hinh anh 1

Prime Minister Pham Minh Chinh speaks at the event (Photo: VNA)

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam (SBV), the Ministry of Finance and the Ministry of Justice on April 22 to review and step up the issuance of two important circulars related to the finance-banking sector.

Discussing the draft circular on debt restructuring and rescheduling, and keeping debt groups unchanged, PM Chinh asked the SBV to continue fine-tuning the document in the direction of expanding the coverage of the circular as well as the duration of implementation in an appropriate manner.

At the same time, he required devising tools to monitor and inspect the implementation with a view to raising the responsibility of credit organisations and ensuring timely, flexible, and effective policy response.

About the draft circular amending and supplementing several provisions of Circular 16/2021/TT-NHNN on the purchase and sale of corporate bonds by credit institutions and foreign bank branches, the PM requested the design of support mechanisms to enhance market confidence and allow credit institutions to immediately repurchase corporate bonds. Additionally, favourable conditions should be created for credit institutions to invest in and lend corporate bonds to increase the supply, liquidity, and develop the market on a safe and effective basis.

PM works with ministries, agencies on finance-banking activities hinh anh 2

At the working session (Photo: VNA)

The Government leader assigned the SBV to continue directing commercial banks to reduce interest rates appropriately in support of the people and businesses, promptly perform tasks assigned in the Government’s Resolution on several solutions to remove difficulties and promote the safe, healthy and sustainable development of the real estate market.

The SBV was also urged to early submit a plan to restructure weak credit institutions, especially the Saigon Joint Stock Commercial Bank (SCB), work closely with the Ministry of Construction to effectively roll out the 120 trillion VND (5.2 billion USD) credit package for social housing and accommodation for workers, as well as soon complete the drafting of the revised Law on Credit Organisations to tackle existing obstacles./.

en.vietnamplus.vn

Tags:

Related News

Risks for the economy when cash flow has not yet been put in to production and business

10:49 | 07/10/2024 Headlines

VCN - Investment channels in Vietnam have a lot of potential, but financial and banking expert Dr. Nguyen Tri Hieu, Director of the Institute for Research and Development of Global Financial and Real Estate Markets, said that cash flow into production and business is still modest, leading to risks for the economy.

Mobilizing finance for the low-emission rice value chain

10:42 | 28/09/2024 Import-Export

VCN - Currently, capital remains the biggest difficulty for cooperatives and rice production enterprises, especially those participating in the high-quality, low-emission rice project in the Mekong Delta. This requires strong participation from banks, investment funds and international financial institutions.

Anti-corruption in Finance: Resolutely eliminating cumbersome administrative procedures

08:40 | 21/09/2024 Finance

VCN - The Ministry of Finance identifies administrative reform and simplification of regulations related to business activities as key solutions for preventing and combating corruption and negativity.

Vietnam made good progress in reforming public financial management

10:37 | 26/06/2024 Finance

VCN - Vietnam has made many efforts to reform public financial management in the past 10 years and has made comprehensive progress. This is the opinion of Deputy Minister of Finance Bui Van Khang at the Conference to announce Public Expenditure and Financial Accountability (PEFA) organized by the Ministry of Finance on the morning of June 24.

Latest News

Removing legal hurdles in regular spending for capital assets

09:02 | 05/11/2024 Finance

VCN - Mr. Bui Anh Binh, Deputy Director of the Department of Public Administration (Ministry of Finance) emphasized that the issuance of Decree No. 138/2024/ND-CP has created an important legal corridor, promptly removed obstacles, and created conditions for ministries, branches, and localities to proactively use regular expenditures to carry out tasks and projects outside the approved medium-term public investment plan, and to be proactive in performing assigned tasks.

M&A activities show signs of recovery

13:28 | 04/11/2024 Finance

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.

Fiscal policy needs to return to normal state in new period

09:54 | 04/11/2024 Finance

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.

Ensuring national public debt safety in 2024

17:33 | 03/11/2024 Finance

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.

More News

Removing many bottlenecks in regular spending to purchase assets and equipment

07:14 | 03/11/2024 Finance

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.

Continue to handle cross-ownership in banks

10:35 | 02/11/2024 Finance

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.

Striving for average CPI not to exceed 4%

16:41 | 01/11/2024 Finance

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

16:39 | 01/11/2024 Finance

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...

Removing difficulties in public investment disbursement

09:30 | 31/10/2024 Finance

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.

State-owned commercial banking sector performs optimistic growth, but more capital in need

09:28 | 31/10/2024 Finance

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

09:29 | 29/10/2024 Finance

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.

Rush to finalize draft decree on public asset restructuring

09:28 | 29/10/2024 Finance

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.

Inspection report on gold trading activities being complied: SBV

14:37 | 28/10/2024 Finance

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.

Your care

Latest Most read