Accordingly, in order to ensure a prudent banking sector and a sustainable credit growth in line with the directives of the Government and the orientations of the SBV, the SBV Governor required credit institutions to implement following substances:
Closely controlling their credit growth in accordance with the targets assigned by the SBV and in compliance with the measures of the SBV’s management of monetary policy, credit and banking operations.
Extending credit together with controlling credit quality, and enhancing the appraisal and monitoring of loan utilization to minimize the emergence of new NPLs.
Limiting the concentration of credit on real estate and construction, making the balance of capital resources, utilizing capital for medium and long term loans, ensuring liquidity; regularly reviewing, assessing and monitoring the process of real estate projects, financial records of customers, the credits and mortgaged assets to take appropriate and timely measures.
Controlling effectively the quality of consumer credits; improving the efficiency of dossier approval, especially the conditions for borrowing to limit risks; strictly monitoring the acquisition of consumer loans but in fact used for investment and trading in real estate and/or securities.
In addition, closely controlling the credit growth for the investment in securities in order to limit risks and be in compliance with the provisions of Circular No. 19/2017/TT-NHNN dated December 28, 2017 amending and supplementing a number of articles of Circular No. 36/2014/TT-NHNN dated November 20, 2014 stipulating prudent limits and ratios in the operations of credit institutions and other relevant laws.
Restructuring credit toward prioritizing the capital for production and business activities, especially meeting the demands for capital in the priority fields, including agriculture and rural development, export, support industries, small and medium enterprises, high-tech enterprises./.