PM urges strengthening of credit growth management

HCMC – Prime Minister Pham Minh Chinh has written to three government ministers telling them to strengthen credit growth management in a way that helps fuel economic growth. Official Dispatch 1403 follows Official Dispatch No. 527 to cope with issues such as favoritism, group interests, malpractices and corruption in credit growth management. 9444/VPCP-V.I issued on December 1 this year by the Government Office regarding inspection of the management of credit growth. The Ministry of Public Security must coordinate with relevant agencies to strictly handle organizations and individuals that violate laws on corporate bond issuance, credit growth, allocation of credit growth quotas, and brokerage, consulting and sale of insurance at commercial banks.