During a conference of the banking industry in Ha Noi on Wednesday, Khai said the State Bank of Vietnam (SBV) needs to further reduce lending interest rates, especially for priority industries and sectors, besides improving credit quality and boosting up lending to production, business and infrastructure projects. VNA/VNS Photo The whole banking industry must implement effective monetary and credit policies to contribute to developing production and business and support the recovery of the economy, Deputy Prime Minister Le Minh Khai said. He requested the SBV to draft a clear plan on restructuring … about Banking sector to lower lending rates in 2022: Deputy Prime Ministerĭeputy Prime Minister Le Minh Khai speaks at the conference. In this regard, Khai called for further tightening of credit into risky fields, including real estate, securities, and the issuance of corporate bonds from credit institutions. “It is imperative for the banking sector to improve credit quality and channel the capital flows into business/production activities or promote infrastructure development projects with high spillover effects,” Khai said. Source: VGP Deputy Prime Minister Le Minh Khai gave his remarks at a year-end meeting held by the State Bank of Vietnam (SBV) on December 29.
The banking sector should continue to lower lending rates, especially in priority fields, which serve as a viable solution to support businesses, people and aid economic recovery. The banking sector is expected to tighten credit into risky fields, including real estate and securities.
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