 PM Pham Minh Chinh speaks at a meeting between the Government and commercial banks, Hanoi, February 11, 2025. (Photo: Vu Khuyen/VOV) |
Chairing Tuesday's conference between the Government and commercial banks exploring ways to accelerate economic growth, foster breakthroughs, and control inflation, the Prime Minister emphasized that in 2025, the Government aims for a growth rate of at least 8%, setting the foundation for double-digit growth in subsequent years.
He outlined several key tasks and solutions for the banking sector, including reducing costs and re-organizing to work more efficiently, sacrificing part of bank profits to lower lending rates, support the economy and businesses, and create livelihood for the people.
It’s necessary to focus credit allocation on revitalizing the three key growth drivers: investment, exports, and consumption, he said.
"Commercial banks and state banks need to take the lead in accelerating digital transformation, building digital databases, engaging in Project 6, and implementing Resolution 57 of the Politburo on science, technology, innovation, and digital transformation," the PM suggested.
 (Photo: Vu Khuyen/VOV) |
Prime Minister Chinh urged the simplification of administrative procedures to enhance convenience for businesses and the public, implementing smart governance, developing smart banks, and expanding preferential credit packages to support both supply and demand, particularly in social housing.
He also emphasized the need for a proactive, flexible, and effective monetary policy, ensuring it serves as a pillar for the people, businesses and national development.
