In his speech, PM Phuc praised the achievements made by the SBV during recent times, especially in accelerating the restructuring of credit organisations, and improving the efficiency of its operation, to lay a solid foundation for its future sustainable development. 

The government leader asked the bank to continue fine-tuning its institutions, improve its management and forecasts, combine monetary with fiscal and other policies, control inflation, ensure the value of the Vietnamese Dong, maintain an appropriate interest rate, and increase its foreign reserves. 

He also called for the restructuring of credit organizations, the settlement of bad debt, and improving credit policies to aid socio-economic development.

The SBV should enhance links with relevant ministries, sectors and localities and regularly arranging dialogues with business associations and quickly solve difficulties facing their businesses and production, PM Phuc said.

Established on May 6, 1951, the SBV well performed its task of State management over monetary, credit and banking operations. After implementing the restructuring of credit organisations in 2011-2015, the bank is managing seven State commercial banks, 28 joint stock commercial banks, six foreign banks and 50 branches of foreign banks, two joint-venture banks, one cooperative bank, and over 1,000 people’s credit funds.