In a recent telegram addressing several critical tasks and solutions to foster economic growth in 2025, the Prime Minister urged the State Bank to closely observe the international and regional landscape, as well as the policy adjustments of major economies. He emphasized the effective utilization of management tools to appropriately regulate exchange rates and interest rates in order to satisfy the capital requirements of the economy. Additionally, he called for the maintenance of stability in the monetary, foreign exchange, and gold markets, along with ensuring the safety of the credit institution system.
The State Bank persists in guiding credit institutions to minimize costs and advance digital transformation in an effort to lower lending interest rates. It emphasizes direct credit to production, business, priority sectors, and growth drivers. Additionally, it encourages short-term lending to assist businesses impacted by US tariff policies.
Concurrently, the State Bank has urgently conducted research and urged banks to collaborate in establishing preferential credit packages for individuals under 35 years of age seeking to purchase homes. This initiative includes a preferential credit package of approximately 500 trillion VND for enterprises investing in infrastructure and digital technology, facilitating long-term borrowing. Additionally, the scope and eligibility for the preferential credit package will be expanded to include the forestry, fishery, and wooden furniture sectors impacted by the US reciprocal tariff policy.
Reported by Thanh Hong – Translated by Vi Bao
