On August 22, 2023, in Hanoi, the State Bank of Vietnam (SBV) organized a Conference themed “Enhancing capital accessibility and absorption of enterprises: Difficulties, challenges and determination”.
The Conference was chaired by SBV Deputy Governor Dao Minh Tu, with the participation of nearly 200 representatives from the Ministries, agencies, credit institutions, associations, enterprises, etc. The Conference was a scientific platform for all participants to discuss openly and to recommend new ideas and measures to resolve the issues of capital for enterprises in the current context.
In his opening speech, Deputy Governor Dao Minh Tu assessed that the international and domestic economies are currently encountering many obstacles and challenges causing pressures on the business activities.
An overview of the Conference
Therefore, the SBV Deputy Governor expressed his hope that in the Conference, there would be a lot of effective ideas and recommendations from the participants in order to fully assess the situations and determine appropriate measures; thereby coordinating with the relevant Ministries and agencies to effectively resolve any difficulties and obstacles.
The participants in the Conference focused on discussing in three main sessions, including an overall assessment of the macro-economic situations, the economic outlook, identification of the difficulties and challenges to the economy in general and all enterprises in particular; sharing of measures and policies of the Ministries and agencies over the past time and viewpoints on the effective implementation of measures to contribute to creating a favorable environment for all enterprises in the coming time; discussions and recommendations of measures to resolve the difficulties and challenges in order to support enterprises to access and absorb capital.
Specialists at the discussion session
Within the framework of the Conference, there were two roundtable discussion sessions, at which specialists, representatives from the state management agencies, associations and enterprises discussed and suggested various measures to resolve the difficulties for enterprises, especially on how to enhance the capital accessibility and absorption of enterprises.
Toward the end of the Conference, Deputy Governor Dao Minh Tu also pointed out several difficulties in the monetary policy management in the current time. The SBV Deputy Governor further requested all commercial banks to show higher senses of responsibility for the community while still ensuring prudent banking operations. Furthermore, the commercial banks were requested to continue to reduce the interest rates and banking fees, as well as to simplify the procedures for accessing bank credit, creating opportunities for the promotion of investment demands by enterprises; continue to implement the policy on the rescheduling of debt payment and the maintenance of debt groups to support customers in difficulties; continue to engage in dialogues with enterprises and the local authorities, etc.
About the monetary policy management, the SBV Deputy Governor affirmed that, in the coming time, the SBV would continue to manage the monetary policy in a flexible manner in accordance with the domestic economic situation.
Le Hang