|
SBV enhances effectiveness of administrative reform
Implementing the Government’s directives, the State Bank of Vietnam (SBV) has actively implemented the administrative reform, with a focus on the reform of administrative formalities, hence creating favorable conditions for credit relations between commercial banks and enterprises and contributing to effectiveness of the SBV’s governance.
With the aim of building a professional, powerful and unblemished human resources and enhancing the efficiency and effectiveness of the SBV’s management, the SBV’s administrative reform has been implemented in a comprehensive and active manner and focused on two major tasks as follows :
Firstly, SBV has renovated and improved the monetary and banking policies as well as mechanisms in order to create favorable condition for the operations of both commercial banks and enterprises. Specifically, SBV has managed the monetary instruments and the interest and foreign exchange rates in a flexible way and in parallel with the Government’s objectives of promoting production and export and stabilizing macro-economy. Additionally, SBV has taken a series of measures to tackle difficulties of the institutional and individual borrowers in getting access to loans of credit institutions, therefore contributing to promoting production and business while ensuring social protection.
Secondly, SBV has speeded up its task of reviewing and simplifying administrative formalities in the baking sector, including collecting and processing comments of individuals and enterprises in a timely manner related to all ‘paper’ work in the banking sector and to actively implement Project No. 30 on simplifying administrative formalities in SBV.
In the coming time, the Vietnamese economy is forecasted to still face difficulties. SBV will therefore continue to conduct monetary policies in a proper and careful expansionary orientation, ensuring the balance between the Government’s goal of stimulating the economy while stabilizing the CPI, and interest and foreign exchange rates, and securing safe and sound operations of the credit institutions. In the mean time, SBV will have to focus on completing the Laws on the State Bank of Vietnam and Credit Institutions to be submitted to the National Assembly , and continue to decisively further the administrative reform.
sbv
|
