On September 11, 2020, Prime Minister Nguyen Xuan Phuc signed Decision No. 1394/QD-TTg to set up a National Steering Committee on Financial Inclusion (NSC-FI).
According to the Decision, the NSC-FI is an inter-agency body assisting the Prime Minister in directing and coordinating activities among the relevant ministries, agencies, institutions and local governments to promote financial inclusion, in order to implement the National Strategy for Financial Inclusion.
The NSC-FI is composed of: the Prime Minister as Chair of the NSC-FI, and the Governor of the State Bank of Vietnam (SBV) as Vice Chair. Other Members of the Committee are leaders of the Government Office, the State Bank of Vietnam, the Ministry of Finance, the Ministry of Planning and Investment, the Ministry of Agriculture and Rural Development, the Ministry of Education and Training, the Ministry of Industry and Trade, the Ministry of Justice, the Ministry of Foreign Affairs, the Ministry of Information and Communications, the Ministry of Science and Technology, the Ministry of Public Security, the Ministry of Labor, Invalids and Social Affairs, Vietnam Television, the Voice of Vietnam Radio, Vietnam Social Security.
The NSC-FI is responsible for assisting the Prime Minister in directing the formulation of strategies, orientations, policies, plans and solutions to promote financial inclusion; assisting the Prime Minister in directing, coordinating, accelerating and inspecting activities on financial inclusion and on the implementation of the National Strategy for Financial Inclusion.
In addition, the NSC-FI also assists the Prime Minister in studying and issuing orientations and policies on international cooperation; studying and monitoring the implementation of international recommendations on financial inclusion; summarizing and reporting to the Prime Minister on the state of financial inclusion in the Vietnam, the implementation results of the National Strategy for Financial Inclusion on a regular basis and upon request by the Prime Minister;
The State Bank of Vietnam is the standing body supporting the NSC-FI, and is responsible for maintaining the operations of the Committee. A Standing Task Force to support the work of the NSC-FI will be established by and will operate under the directions of the SBV Governor. The members of the Task Force are representatives of those ministries and agencies which are represented in the NSC-FI.
VA