Banking sector plays a crucial role in national economy: Party chief
(VOVWORLD) -Party General Secretary Nguyen Phu Trong on Wednesday lauded efforts and achievements made by the banking sector during the national cause of economic development as he delivered a speech at a ceremony in Hanoi marking the sector’s 70th founding anniversary (May 6).
 Party General Secretary Nguyen Phu Trong speaking at the ceremony. Photo: VNA
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Describing the sector as the lifeblood of the economy, he said he hopes it will continue contributing to the nation’s sustainable economic growth through stabilized monetary and foreign exchange markets.
“Given its crucial and sensitive role in the macro economic stability, the banking sector needs to enhance its institutional reform, personnel work and policy, while ensuring the security, safety, and effectiveness of credit organisations’ operations,” said Mr. Trong.
The Party chief called on the banking sector to 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, bad debt resolution, helping enhance the economy’s independence and autonomy amid international integration.