The government leader made this suggestion at a May 19 working session with VDB leaders, at which he gave comments on the bank’s task implementation.
VDB is a State policy tool tasked with accelerating economic growth. The bank has been making positive contributions to realising economic growth targets since it was established on May 19, 2006.
Last year, VDB mobilised enough capital to ensure implementation progress of the government’s projects and prioritised programmes, especially national key projects, supplying the economy with total investment capital of VND60 trillion (US$2.82 billion).
The bank recorded an 11% growth rate in its 2013 outstanding credit and has ensured enough capital to immediately finance urgent projects and exports of the government’s priority items.
VDB has been implementing the contents stipulated in the VDB Development Strategy from 2013-2020 and visions to 2030, with a 2013-2014 focus on finalising its operational legal framework, enhancing financial capacity, restructuring, dealing with unsettled debts handed over by precursors and addressing mistakes in its operational system.
Deputy PM Ninh urged VDB to closely follow the development strategy approved by the PM, while instructing the Ministry of Planning and Investment and Ministry of Finance to allocate capital to VDB to help raise the bank’s charter capital in accordance with the approved roadmap, in order to ensure its operational efficiency.
He also requested that VDB propose clear debt-category mechanisms and risk prevention measures.
Source: nhandan.org.vn