Administration reform for the aim of improving efficiency and effectiveness of state management in monetary policy, banking operations and foreign exchange to ensure the direct and effective support for development of the enterprises, has been defined by the State bank of Vietnam as a key task for the period of 2016 – 2020.
Deputy Governor Dao Minh Tu, member of Administration reform Council of the Government had granted an interview of the SBV Website reporter to clarify this important issue.
Responding to the questions of the reporter on the comprehensive objectives of the the Action plan of administration reform in banking system, the Deputy Governor said that the main objective of the Action plan is to focus on improving the ratings of sovereign debt, increasing the readiness and sufficiency of banking services with more general target of improving the capacity of banking sector; creating favorable conditions for enterprises to get access to bank loans; continuing to simplifying administrative procedures, reducing compliance cost and reducing procedures with banks.
The Administration reform of banking sector has been required to be conducted throughout the SBV entities and the system of credit institutions for accelerating the innovation of lending procedures and bettering the bank services.
In addition to concentrating on supervising the implementation of action plan, the SVB is focusing on taking several consistent measures in various activities like policy making and improving the accountability and working productivity of the SBV officials and staffs.
The SBV, in one hand instructed credit institutions to concentrate on business targets, and in another hand to focus on ensuring the community benefits together with improving quality of service provision in an appropriate manner. The administration reform on bank procedures and reducing fee is in need to ensure the principles of risk prevention and safe and sound banking operations.
According to the Deputy Governor Dao Minh Tu, over the past time, the banking sector has implemented several administration reform and innovation programs that were recommended by the government and the public, specifically, the institutional reform, administrative procedure innovation and modernization of professional process… The administration reforms have contributed significantly to increasing the confidence of the SBV and supporting the banking sector to accomplishing its assigned tasks.
In the coming time, the SBV defined to continue accelerating the conduction of administration reform as a driver for building up an effective and efficient performance and increasing the confidence and posture power of the SBV.
For this progress, he said that the SBV Governor has instructed functional departments of the SBV to thoroughly review all legal regulations on administrative procedures applied by the credit institutions with enterprises and clients to be revised and supplemented in order to build up a transparent and accountable service.
In addition, the Governor also required all SBV entities to improve their collaboration activities. It is necessary to formulate the regulation on effective collaboration process, increasing the accountability and reducing paper works, and boosting the utilization of the computer and IT infrastructure to increase labor productivity.
Ending the interview, the Deputy Governor called on the SBV officials and staffs to improve their sense of accountability and responsibility, as well as boosting the performance results.
For doing so, he said, the internal communication of the SBV should play an important role for pushing up the administration reforms as an important target of the SBV in its modernization process.
VMH