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Banking sector needs to help businesses more
The Governor of the State Bank of Vietnam Nguyen Van Giau has asked the banking sector to firmly grasp the economic situation, become the business community’s friend, help it to overcome any difficulties and increase production.
Addressing a conference between the banking sector and businesses in HCM City on May 18, Governor Giau said that the Vietnamese economy has remained stable for the past two months and will maintain that stability, however he said that interest rates should be set according to the market’s supply and demand.
He said it is normal for some commercial banks to have slightly increased interest rates to meet the demand for credit and asked all enterprises to keep focused on their business.
Flexible control of foreign exchange rates remains under State management and no major changes have been seen in the foreign exchange market, Giau said. The SBV will continue to issue proper policies to ensure stable exchange rates, he stressed.
On behalf of the business community, Vice Chairman of the Vietnam Chamber of Commerce and Industry Pham Gia Tuc praised the banking sector’s effective support for businesses.
He said he believed that the banking sector would continue to perfect its policies and mechanisms to create the best possible conditions for businesses, particularly small and medium sized enterprises, to handle any difficulties, stabilise operations and develop further.
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