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Besides restructuring credit institutions, banks should increase investment in
renewable energy, clean energy and less carbon consumption and production
industries, he suggested.
Particularly, to support businesses affected by the COVID-19 pandemic, the
sector needs to synchronise monetary, credit, interest rate, and payment tools
and solutions to soon recover the economy, the official suggested.
He noted that in the 2015-2020 period, the banking sector has adjusted monetary
policies to curb inflation at a low level, while stabilising the macro economy
and monetary market.
The sector also had the policy against the dollarisation in the local economy by
converting foreign currency and gold into cash in service of socio-economic
development, he added.
Source: VNA
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