Vietnam's central bank calls for healthier banking system in 2013

Vietnamese banks were firected to implement policies in ensuring healthy operations of the banking system in 2013.

According to the directive by the governor of the State Bank of Vietnam, credit institutions should prioritise their loans for agricultural businesses, exporters, small and medium-sized enterprises, high-tech and labour-intensive companies and restrict lending to businesses in risky areas.

They are also asked to set aside an appropriate amount of funds to lend home buyers and assist property developers convert commercial projects into social housing.

In addition, the directive stipulates that credit institutions and commercial banks strictly observe the central bank’s regulations on foreign currency and gold trading activities in 2013.

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