The Prime Minister requested to absolutely not allow group interests and negativity to arise in credit growth.

Telegram sent to the Governor of the State Bank of Vietnam; Minister of Public Security; Government Inspector General, stating:

Following the Prime Minister's Official Dispatch No. 1224/CD-TTg dated November 26, 2023 on monetary policy management in the last months of 2023 and Notice No. 527/TB-VPCP dated December 18, 2023 announcing the Prime Minister's conclusion at the Conference on solutions to remove credit difficulties for production and business, promote growth and stabilize the macro-economy, to continue to strengthen state management and improve the effectiveness of monetary policy management, the Prime Minister requests:

1. State Bank of Vietnam:

a) Urgently and immediately carry out the tasks assigned in Official Dispatch No. 1224/CD-TTg dated November 26, 2023 of the Prime Minister and Notice No. 527/TB-VPCP dated December 18, 2023 of the Government Office, focusing on proactive, flexible, timely, effective, feasible, scientific, and in accordance with regulations and the situation, absolutely not and resolutely not allowing the emergence of mechanisms of asking and giving, group interests, negativity, corruption... in credit growth, ensuring the provision of sufficient healthy credit capital, with focus and key points to serve the economy and the safety of the credit institution system, not allowing congestion, blockage, delay, untimely or unhealthy credit growth, serving group interests, backyards...

b) The Governor of the State Bank of Vietnam directs the use of prescribed tools to strengthen inspection, examination, control and close supervision of the use of assigned credit growth limits of credit institutions, ensuring that credit capital flows are focused on priority and important areas, growth drivers of the economy (consumption, export, investment), serving the needs of production and business development of enterprises and people with conditions to expand production and business safely, healthily and sustainably but lacking capital. Strictly prohibit the granting of credit not in accordance with legal regulations, to the wrong subjects, the granting of credit to the board of directors, executive boards and related persons of credit institutions, enterprises in the ecosystem, backyard enterprises... with preferential interest rates while people and enterprises with legitimate and legal needs have difficulty in accessing credit capital. At the same time, implement tools to control inflation and minimize and limit the increase of bad debt for weak credit institutions and those at risk of increasing bad debt.

c) Closely coordinate with the Ministry of Finance and relevant agencies to strictly handle, according to regulations, consulting and introducing customers to invest and buy corporate bonds, consulting and selling insurance at credit institutions in violation of regulations, causing damage to customers' assets.

2. Request the Governor of the State Bank of Vietnam to focus on directing careful preparation and effective implementation of measures to ensure credit growth in 2024, focusing on reviewing and perfecting criteria, standards, conditions, processes and procedures, ensuring publicity, transparency, healthiness and sustainability, increasing access to credit for people and businesses and strengthening inspection, supervision, ensuring credit quality, using credit capital for the right purposes and effectively, and preventing bad debts from arising.

3. The Government Inspectorate shall coordinate with the State Bank of Vietnam and relevant agencies to urgently perform the assigned tasks in Official Dispatch No. 9444/VPCP-VI dated December 1, 2023 of the Government Office on inspection of credit growth management.

4. The Ministry of Public Security, according to its assigned functions, tasks and authority, shall coordinate with relevant agencies to grasp the situation, deploy working measures, and strictly handle, according to legal regulations, organizations and individuals who violate the law related to the issuance of corporate bonds, credit growth and granting credit limits contrary to regulations, lacking transparency and publicity, and having negative effects, especially the "asking - giving" in granting credit limits and negative effects in insurance brokerage and consulting at credit institutions.

5. The Government Office monitors and urges according to assigned functions, tasks and authorities; reports to the Prime Minister on issues beyond its authority./.