Voters, deputies pleased with SBV Governor’s answer at NA session

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State Bank of Vietnam (SBV) Governor Le Minh Hung at his first Q&A session at the National Assembly

Head of the NA Committee for Finance and Budget Le Thanh Van said the new cabinet member cleared voters’ concerns by clarifying thoroughly many issues of the banking sector, including the mobilization of gold in the community for socio-economic development, the control of exchange rates and interest rates.

Tran Hoang Ngan, a deputy from Ho Chi Minh City held that Governor Hung was very confident of the State Bank’s performance achievements, including supporting economic growth, controlling inflation, stabilizing currency, and employment.

Ngan showed support for measures dealing with weak performing credit organizations presented by the head of the banking sector, but expressed hopes for completing the legal framework for the credit organizations, including the adjustments to some articles of the Law on Credit Organizations.

During the November 17 sitting, NA deputies raised many questions on the management of monetary policy, production support, banking sector operation safety, information technology application in administrative procedures, and more.

Voter Phan Hai from the Da Nang Young Entrepreneurs’ Association said that he was impressed with SBV Governor Hung’s persuasive measures to tackle bad debts and weak credit organizations as well as his promise to reach the set credit growth target and control credit quality.

Meanwhile, Bui Ngoc Diep, Vice President of the Small and Medium-Sized Enterprises of Ba Ria-Vung Tau province said that the banking sector should design more specific policies to support startups through helping them in capital access.

Le Nhu Tuan, Director of the Department of Agriculture and Rural Development of the central province of Thanh Hoa lauded the SBV Governor’s commitments to rescheduling loans for people who have been affected by the recent floods, to help them restore normal production.