On July 8, 2020, the State Bank of Vietnam (SBV) issued Decision No. 1233/QD-NHNN promulgating the Action Plan of the banking sector to implement Decision No. 357/QD-TTg dated March 10, 2020 of the Prime Minister pn the Plan of Action to implement the Politburo's Conclusion No. 54-KL/TW dated August 7, 2019 on further implementation of the Resolution of the 7th Session of the 10th Plenum of the Central Party Committee on agriculture, farmers and rural areas.
Accordingly, this Plan contains the followings:
Taking lead and coordinating with the concerned ministries and agencies, as well as the local authorities in effectively implementing Decree No. 55/2015/ND-CP dated June 9th, 2015 (Decree 55) and Decree No. 116/2018/ND-CP dated September 07, 2018 (Decree 116) amending and supplementing a number of substances of Decree 55 on credit policy for agricultural and rural development;
Continuing to improve the mechanisms and policies to promote the development of the micro credit market; strengthening, consolidating and reorganizing in order to ensure safe, appropriate and sustainable operations of the microfinance institutions and the people's credit fund system;
Implementing the National Financial Inclusion Strategy by 2025 with orientations towards 2030 issued under Decision No. 149/QD-TTg dated January 22, 2020 of the Prime Minister; Developing new financial products and services which are suitable to the rural areas, including small value payment services and transfers;
Continuing to promote the lending programs through the Vietnam Bank for Social Policies (VBSP) targeting the poor, near-poor households and other policy beneficiaries;
Promoting communications on credit policies for agricultural and rural development, micro-credit and financial inclusion.
This Decision took effect from the date of signing.
VA