Banking sector to implement 11 key tasks in 2025

The State Bank of Vietnam (SBV) has just issued Directive No. 01/CT-NHNN on organizing the implementation of key tasks for the banking sector in 2025.

The directive focuses on 11 general objectives and tasks. In this, the SBV requires its units and credit institutions, as well as foreign bank branches, to review, build, and implement restructuring plans to ensure a streamlined, efficient, and effective organizational apparatus in accordance with the guidance of the Politburo and the Government, and the Prime Minister.

At the same time, it will continue to manage monetary policy proactively, flexibly, timely, and effectively, harmoniously coordinating with fiscal policy and other policies to prioritize strongly promoting economic growth while maintaining macroeconomic stability, controlling inflation, and ensuring the large balances of the economy.

The SBV will manage credit in line with macroeconomic developments to support economic growth, control inflation, stabilize the macro economy, and ensure the safety of credit institutions' operations. It will continue to innovate credit growth management. The projected credit growth for the entire system is about 16%, with adjustments made according to actual developments and circumstances.

Reported by L.P