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 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).
Describing the sector as the lifeblood of the economy, he
hoped it to continue contributing to the nation’s reform, industrialisation and
The Party leader recommended the sector enhance the
efficiency of the State Bank of Vietnam (SBV)’s management and monetary policy,
while ensuring the security, safety, and effectiveness of credit organisations’
The sector should keep up its efforts to control inflation, stabilise
the macroeconomy, mobilise and meet demand for credit, and offer banking
services 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 Thi
Hong underscored the SBV will closely follow orientations and policies issued
under the 13th Nation Party Congress’s Resolution in directing and
managing banking activities in contribution to realizing targets set in the
2021 – 2025 plan and 2021 – 2030 strategy for socio-economic development as
well as the vision toward 2045.
The SBV will boost the effectiveness of its monetary policy
monitoring and its capacity to adapt to domestic and global economic
fluctuations so as to realize the goals of inflation control, stable
macroeconomics, helping enhance the economy’s independence and autonomy amid
international integration, she noted.
Restructuring, completing legal frameworks, diversifying
services, and promoting administration reform and innovation are also other
tasks of the sector, the SBV governor added.
On the occasion, the SBV was conferred with the Labour
Order, first class./.