Notice No. 297/TB-VPCP dated July 31st, 2023 of the Office of the Government on conclusion of the Prime Minister at the meeting for concluding banking operation results of the first 6 months and implementing tasks of the last 6 months of 2023

According to Notice of the Government, in the last 6 months of 2023, the State Bank of Vietnam will continue implementing monetary policies actively, flexibly such as continue reducing loan interest, increasing credit limit appropriate to market development, supplying M2 cash in a timely and effective manner, channeling credit in growth drives: investment, consumption, export, etc.); continue promoting disbursement of 40 thousand billion VND credit package to provide interest rate subsidies, 120 thousand billion VND to grant loans for social housing mortgage, and 15 thousand billion VND for sawmill and aquaculture products.

In addition, it will continue to review existing legislative documents (especially the Law on credit institutions) to amend, supplement; preventing exploitation of legal loopholes to violate security and safety of credit institution system.