Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong affirmed that SBV would keep its management of credit operations towards credit extension in parallel with safe and sound banking operations when she answered recommendations of the Banking Working Group at the 2015 mid-term Vietnam Business Forum.
Discussing the direction of the 2016 credit growth, Deputy Governor Nguyen Thi Hong stated that SBV would calculate the targets of the 2016 credit growth after the National Assembly approved the 2016 socio-economic targets at the end of the year.
On the basis of evaluating the outcomes of the 2015 credit policy management, SBV would take certain solutions, she said. “However, we still continue managing the credit operations towards credit extension in parallel with safe and sound banking operations; focusing on capital provision to production and business, especially the prioritized sectors set by the Government”, the Deputy Governor highlighted.
At the forum, the SBV Deputy Governor also answered such inquires and recommendations of the Banking working Group as the trust lending according to Circular 30/2014/TT-NHNN, granting licenses for banks in accordance with newly-issued provisions, implementing the reporting regime in compliance with FATCA, and guiding the banking guarantee in the selling of products formulated in the future,…
Expressing thanks to the contributions of the Banking Working Group, Deputy Governor Nguyen Thi Hong also showed her wishes of continuing the close cooperation of the Banking Working Group in the coming time as the dialogues between SBV and the Group are very important and effective.
“SBV has had two technical working sessions with the Group whereby many problems have been dealt with and solved”, Deputy Governor Nguyen Thi Hong stressed.
LVH