Successfully converted 4 weak banks, restructuring SCB

Today (August 1), Deputy Prime Minister Ho Duc Phoc chaired a meeting of the Steering Committee for restructuring credit institutions and handling bad debts.

According to Deputy Prime Minister Ho Duc Phoc, in recent times, we have strongly implemented the restructuring of credit institutions; successfully transformed 4 weak banks and are restructuring SCB Bank.

The Deputy Prime Minister stated that this meeting discussed a number of situations related to the implementation of monetary policy to promote growth, striving for GDP growth of over 8% this year, aiming for double-digit growth in the next term.

At the meeting, representatives of ministries and branches focused on discussing and giving opinions on management measures, directing cash flow into production and business; building preferential credit packages for businesses; managing exchange rates and foreign exchange; managing the foreign exchange market and the gold market.

At the meeting, delegates also discussed the restructuring of SCB Bank; handling bad debts of credit institutions, especially bad debts in the real estate sector; handling cross-ownership; fighting against crimes in the monetary and banking sectors; improving the effectiveness of inspection, examination and supervision of banks; reforming lending procedures, etc.

Concluding the meeting, Deputy Prime Minister Ho Duc Phoc emphasized the need to effectively operate monetary policy, maintain macroeconomic stability, fight inflation, maintain exchange rates, and promote economic growth.

The Government leader noted that it is necessary to maintain the solid stability of the banking system. According to the Government leader, it is necessary to continuously monitor and evaluate restructured credit institutions and banks with weak capacity to have timely and effective solutions.

Deputy Prime Minister Ho Duc Phoc also requested to harmoniously, reasonably and synchronously combine monetary policy with fiscal policy; promote digital transformation in payment activities.

At the same time, it is necessary to effectively implement monetary policy, ensuring capital supply for production and business. It is necessary to well manage the foreign exchange market; maintain the exchange rate with USD; research and advise on solutions to issue bonds in USD...

Regarding credit room, according to the Deputy Prime Minister, in the short term this is still a management tool, so increasing credit room in the current period is necessary. The Deputy Prime Minister said that for banks that are operating effectively, room should be increased to increase capital for the economy.

The Government leaders also requested strict management of cash flow, directing credit to production and business to help the economy develop rapidly and sustainably. At the same time, strengthening and improving the effectiveness of inspection, examination and supervision of banks with focus and key points; effectively preventing cross-ownership; resolutely handling bad debts...

Source: https://dantri.com.vn/kinh-doanh/da-chuyen-doi-thanh-cong-4-ngan-hang-yeu-kem-dang-co-cau-lai-scb-20250801134835884.htm