According to Deputy Governor Dao Minh Tu, in 2022, the banking industry will continue to operate monetary policy in a flexible manner, creating maximum conditions for liquidity support for the economy.
Customers make transactions at Joint Stock Commercial Bank for Foreign Trade of Vietnam, branch in Kon Tum province. (Photo: Du Math/VNA).
The banking industry has well implemented solutions to manage monetary policy and banking activities in 2021 in order to control inflation and stabilize the macro-economy; at the same time, proactively monitoring the epidemic situation, implementing more drastic and stronger solutions to concentrate all resources to remove difficulties for production and business, support people and businesses to gradually recover. and develop the economy.
Deputy Governor of the State Bank Dao Minh Tu had an exchange with the press about 2021 and the 2022 plans of the banking industry.
- Dear Deputy Governor, how will the banking industry plan to continue to support people and businesses to overcome difficulties caused by the COVID-19 pandemic in 2022?
Deputy Governor Dao Minh Tu: The epidemic is unpredictable with the appearance of the Omicron mutation, making the economic outlook and global inflation in 2022 difficult to forecast, posing difficulties and challenges that the banking industry must face to face.
However, on the basis of the implementation results in 2021 and 2022, we will continue to operate monetary policy in a flexible manner, creating maximum conditions for liquidity support for the economy.
In operating monetary policy, we will also be proactive, flexible, and closely coordinate with other macroeconomic policies to control inflation according to the 2022 target of about 4% on average, contributing to stabilizing the macro-economy, supporting the recovery of economic growth.
On that basis, we will continue to ensure the goal of controlling inflation, stabilizing exchange rates, stabilizing the macroeconomy as well as well managing the foreign exchange and gold markets.
In terms of credit activities, in order to control the scale and reasonable credit growth, we will continue to focus capital for businesses, especially supporting businesses facing difficulties due to COVID-19, directing cash flow into priority areas, focusing under the direction of the Government.
On the other hand, the credit system also creates favorable conditions for the maximum exploitation of resources in the economy, through credit institutions contributing to the implementation of national target programs, preferential credit programs according to the provisions of law. direction of the Government. The target for 2022 credit growth is 14%.
In 2021, we set a credit growth target of 12%, however, to ensure capital for businesses, especially to restore the economy and create conditions for businesses that are in need of capital to handle Due to urgent needs, we extended credit at the end of the year and reached about 13.5-14%.
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