Central bank sets key tasks for second half of nhà cái bet88 year

nhà cái bet88 State Bank of Vietnam (SBV) will continue conducting interest rate management in line with macroeconomic balance, inflation, and monetary policy objectives, and guiding credit institutions to take measures to reduce loan interest rate as part of key tasks for nhà cái bet88 remaining months of nhà cái bet88 year in face of increasing bad debts, according to SBV Deputy Governor Dao Minh Tu at a press briefing held on July 23.

nhà cái bet88 central bank will manage nhà cái bet88 exchange rates in a flexible manner to stabilize nhà cái bet88 forex market, contributing to stabilizing nhà cái bet88 macro economy and curbing inflation, he said.

nhà cái bet88 SBV will manage credit growth and structure reasonably to meet nhà cái bet88 credit demand of nhà cái bet88 economy, contributing to curbing inflation and supporting economic growth. It will continue reviewing and perfecting legal framework to enhance credit supply and access while tightening management over lending for high-risk sectors.

nhà cái bet88 central bank will resolutely and effectively implement nhà cái bet88 plan on restructuring nhà cái bet88 credit institutions in connection with handling bad debts in 2021-2025 periods with nhà cái bet88 aim of developing credit institution system in a healthy, effective and transparent manner.

Measures will also be taken to handle bad debts and improve credit quality, according to Mr. Tu.

Non-performing loans in Vietnam’s banking system accounted for 6.9% of total lending by nhà cái bet88 end of June, 2024, he said.

nhà cái bet88 loans include on-balance-sheet debt, debt sold to nhà cái bet88 central bank-run Vietnam Asset Management Company, and rescheduled loans that are potentially convertible into bad debt.