Kinh tế

State Bank requires capital guarantee for petroleum importers

Illustration.

Over the past time, in the face of complicated fluctuations in the world petroleum market and domestic petroleum supply and demand movements, the Prime Minister has implemented many solutions to stabilize the petroleum market and ensure petroleum supply. for the domestic market, supporting socio-economic recovery and development.

To comply with the Prime Minister’s direction on the implementation of tasks and solutions according to his/her competence in order to ensure the supply of petrol and oil for the domestic market, without any shortages; Governor The bank of Viet Nam require commercial banks to actively balance capital sources, consider creating conditions for increasing credit limits for key enterprises. petroleum business (according to the list published on the website of the Ministry of Industry and Trade).

In which, the focus is on the petroleum trading hubs assigned by the Ministry of Industry and Trade to increase the volume of petrol and oil imports to promptly import petrol and oil according to the import quota, contributing to ensuring the supply of petrol and oil to the market. domestic.

Along with that, banks need to simplify internal processes and procedures, shorten credit approval time; diversifying types of credit products suitable to ensure safety and comply with legal regulations.

“The review, appraisal and decision to grant credit and increase credit limit for the above-mentioned petroleum business enterprises shall comply with the current credit mechanism. The implementation process should promptly report to the Governor of the State Bank for consideration and handling,” noted the Governor of the State Bank of Vietnam.

The Governor of the State Bank of Vietnam also requested the Chairman of the Board of Directors/General Director of commercial banks to closely direct the whole system; strengthen the leadership, inspection, supervision, timely meet the credit capital needs of the key petroleum trading enterprises that fully meet the conditions as prescribed; strictly handle cases of violations and irresponsibility in credit work.

For banks with outstanding loans, monthly reports are required to the State Bank of Vietnam.

* Invite readers to watch programs broadcast by Vietnam Television on TV Online and VTVGo!

You are reading the article State Bank requires capital guarantee for petroleum importers
at Blogtuan.info – Source: vtv.vn – Read the original article here

Back to top button