Cổng thông tin Khoa học và Công nghệ ngành Ngân hàng
In an interview with the contribution of banking activities in promoting economic growth, Congress Tran Hoang Ngan said that the credit structure has shifted in a positive direction, focusing on the areas of production business.
Sir, the GDP growth figures recently showed certain improvement, but data of all concerned?
Tran Hoang Ngan: Data on Vietnam’s economy showed a rebound and right is on the upside, but no strong breakthrough. 2014 economy – social development of our country with the positive signals, macroeconomic stability, creating a favorable environment for business investors, the development of production. GDP growth reached 5.98% a year, higher than the 5.42% of 2013 and 5.25% in 2012. After 4 months of 2015, the economic – social transformation of our country continues active.
GDP growth in the first quarter / 2015 also marked a recovery, gaining 6.03%, the highest growth rate compared with the same period in recent years. Total revenues rose well. Controlled inflation rate low. Service sector growth. Total retail sales of goods and services excluding price factor doubled over the same period last year, showing positive signal about increasing aggregate demand. Interest rates continued to fall …
All this growth trend pretty solid, but not reflected in income, material and spiritual life of people. Higher GDP but agricultural growth is the lowest in many years, while the area to attract sizable employees are working. So this is very worrying.
As you said, agriculture is growing difficulties, while the companies dissolution or bankruptcy of many, not all real estate is difficult … So growth come from which areas?
Production and business activities are still experiencing difficulties, some companies dissolved, decommissioning large proportion of low profitable enterprises. Private foreign direct investment (FDI) continued to increase. FDI sector contributed greatly to economic growth, especially contribute to 65-67% of total exports, creating about 3 million jobs … However, the impact of FDI in raising the level of technology Vietnam’s economy is not strong. There is concern that, if FDI withdrawn from the market would be harmful to the sustainable development of our country’s economy.
Thus, the foreign sector is growing strongly and build economic independence and autonomy of our country is affected. The income of the majority of workers have also been affected.
The banking sector is actively bad debts to bring about 3% by year-end. He acknowledged how about the recent bad debts?
Recently, there are comments expressed concern with the number of bad loans, so some banks as VNCB, OceanBank business results are not good, bad debts rose … But, I believe that from now until the end of the year, to make sure the debt bad will subside and we will accomplish the goal of bringing the NPL ratio to below 3% this year.
About the new mechanism for the VAMC in handling bad debts and through the issuance of special bonds (Decree No. 34/2015 / ND-CP amending and supplementing a number of articles of Decree No. 53/2013 / ND CP on the establishment, organization and operation of the asset management company of the credit institution Vietnam – PV), this mechanism is currently very favorable for VAMC and commercial banks. I think, banks and VAMC had a common voice and bad debt settlement process is so very good.
Another striking point in the past banks, the central bank has been very aggressive in dealing with weak banks through the acquisition for $ 0 co and give better credit institutions operating capacity. Doing this stimulates other shareholders stronger participation in governance, administration and supervision of banks, representing the rights of the shareholders. NH case to avoid losses, stocks become “white paper”.
Thank you!