PM seeks measures to unlock capital sources for economic growth

Prime Minister Pham Minh Chinh chaired a conference in Hanoi on December 7 seeking solutions to tackle capital difficulties in the economy and unlock capital sources for production and business activities, thus helping boost growth and macro-economic stability.

Participants included leaders of ministries and sectors, heads of 38 commercial banks, and representatives from the Vietnam Banks Association.

The Prime Minister emphasized that banks and businesses are part of the economic ecosystem, and their development is related to each other and the development of the economy.

Suitable policies are needed to boost growth in a spirit of harmonizing the benefits and sharing the risks.

As Vietnam is building a socialist-oriented market economy, it aims to reduce the use of administrative tools and increase market tools, he said.