Party chief commends role of banking sector in growth
Party General Secretary Nguyen Phu Trong lauded efforts and achievements made by the banking sector during the national cause of economic development as he delivered a speech at a ceremony marking the sector’s 70th founding anniversary (May 6).
Party General Secretary Nguyen Phu Trong (5th from left) poses for a photo with leaders of the banking sector from different periods (Photo: VNA)
Hanoi (VNA) – Party General Secretary Nguyen PhuTrong lauded efforts and achievements made by the banking sector during thenational cause of economic development as he delivered a speech at a ceremonymarking the sector’s 70th founding anniversary (May 6).
Describing the sector as the lifeblood of the economy, hehoped it to continue contributing to the nation’s reform, industrialisation andmodernisation.
The Party leader recommended the sector enhance theefficiency of the State Bank of Vietnam (SBV)’s management and monetary policy,while ensuring the security, safety, and effectiveness of credit organisations’operations.
The sector should keep up its efforts to control inflation, stabilisethe macroeconomy, mobilise and meet demand for credit, and offer bankingservices serving socio-economic growth, Trong said.
Party General Secretary Nguyen Phu Trong speaks at the event (Photo: VNA)
At the event held on May 5, State Bank Governor Nguyen ThiHong underscored the SBV will closely follow orientations and policies issuedunder the 13th Nation Party Congress’s Resolution in directing andmanaging banking activities in contribution to realizing targets set in the2021 – 2025 plan and 2021 – 2030 strategy for socio-economic development aswell as the vision toward 2045.
The SBV will boost the effectiveness of its monetary policymonitoring and its capacity to adapt to domestic and global economicfluctuations so as to realize the goals of inflation control, stablemacroeconomics, helping enhance the economy’s independence and autonomy amidinternational integration, she noted.
Restructuring, completing legal frameworks, diversifyingservices, and promoting administration reform and innovation are also othertasks of the sector, the SBV governor added.
On the occasion, the SBV was conferred with the LabourOrder, first class./.
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Party General Secretary Nguyen Phu Trong (5th from left) poses for a photo with leaders of the banking sector from different periods (Photo: VNA) 
Party General Secretary Nguyen Phu Trong speaks at the event (Photo: VNA) 
