The State Bank details the capital increase plan for Vietcombank, VietinBank, BIDV and Agribank in the 2021 period
On March 18, 2022, the State Bank of Vietnam (SBV) issued Decision No. 422/QD-NHNN Promulgating the Action Plan of the Banking Sector to implement Resolution No. 11/NQ-CP dated January 30. 2022 of the Government. The purpose of the Action Plan is to concretize the tasks and solutions specified in Resolution 11 in order to strive to perform the tasks and solutions and achieve the set goals.
The first task given by the State Bank is to administer monetary policy, credit and banking activities. Specifically, this agency will operate synchronously and flexibly the monetary policy tools to contribute to maintaining macroeconomic stability, controlling inflation, actively supporting the process of economic recovery and development. socio-economic.
Credit management to promptly meet capital for production and business, strictly control credit for potential risk areas; continue to remove difficulties and support customers affected by the COVID-19 epidemic. Exemption and reduction of payment service fees.
The State Bank will also implement a policy of supporting interest rates of 2%/year for 02 years from 2022-2023 through the system of commercial banks for commercial loans to enterprises, cooperatives and business households; Research to stabilize the maximum ratio of short-term capital for medium and long-term loans;
The State Bank also said that this agency plans to increase charter capital for joint stock commercial banks where the State holds more than 50% of charter capital and Bank for Agriculture and Rural Development of Vietnam (Agribank); ensure the safe operation of the system of credit institutions and continue to deal with bad debts: (i) Increase charter capital from after-tax profits, after setting aside funds for the period 2021-2023 for SOCBs and from the state budget. State book for Agribank; (ii) Closely monitor and supervise, ensure the safety of banking operations; implementing solutions to handle bad debts of the system of credit institutions.
In addition, this agency will also implement support policies through the Bank for Social Policies and coordinate with ministries and agencies in implementing tasks and solutions at the Program.
At the same time, perfecting the legal framework; institutional reform, administrative reform, improvement of business investment environment; promoting disbursement of public investment capital under the management of the State Bank.
The plan of the State Bank clearly states that, on the basis of the above basic tasks and solutions, units of the State Bank, credit institutions, foreign bank branches organize drastic implementation of the Action Plan; regularly update and evaluate the implementation situation of the unit; direct the handling, promptly remove difficulties and obstacles in the implementation process; direct the implementation, ensure completion on schedule, ensure quality, achieve set goals…
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
