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Official Gazette

Monday, July 6, 2020

PM asks central bank to mobilize idle US dollars

Updated: 11:18’ - 25/07/2017
The Prime Minister has requested the State Bank of Vietnam (SBV) to promptly adopt policies to mobilize idle US dollars from the local population to invest in business and production.

This was one of the six issues the PM asked the SBV to deal with in the second half of this year at a working session on July 18.

The Government leader required the central bank to work out measures to boost the credit growth to fulfill the target of 18-20% set for this year and direct credit institutions to cut their lending interest rates by 0.5-1 percent to help newly established enterprises get better access to capital.

He demanded the SBV to address the problem of cross-ownership in the domestic banking system and pay greater attention to difficulties faced by enterprises in formalities relating to investment property on their leased land areas, mortgaged property securing their bank loans, safety for information about depositors and ATM users as well as cyber information security.- (VLLF)

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