According to the Official Dispatch, the Governor of the State Bank of Vietnam requests credit institutions to perform the following contents:
- Focus on providing credit for sectors of business production and prioritized sectors and loan services meeting the demand for housing of the people, etc.
- Strictly control credit risks regarding investment in corporate bonds and potentially risky sectors such as investment, securities, and real estate.
- Continue to accelerate the implementation of the interest rate support program according to Decree No. 31/2022/ND-CP and Circular No. 03/2022/TT-NHNN dated May 20, 2022.
- Continue to reduce expenditures on operations, administrative procedures, and unnecessary expenditures to have fiscal space and strive to reduce loan interest rates following Decree No. 43/2022/QH15.
The State Bank of Vietnam will monitor cases where credit institutions continue to increase interest rates and adopt measures to handle such credit institutions.
See more details in Official Dispatch No. 9064/NHNN-TD promulgated on December 22, 2022.
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