Opening the event, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong said between 2015 and 2020, the entire staff of the banking sector have brought into play the traditional solidarity and made efforts to fulfill tasks assigned by the Party and State.

The sector has actively engaged in emulation movements launched by the Prime Minister, especially the one on building new-style rural areas, she noted, elaborating that since 2011, 51 of its units have registered to support new-style countryside building in 152 communes of 34 districts in 45 provinces. Outstanding loans for communes nationwide had reached VND 1.2 quadrillion (USD 52 billion) as of March 31 this year.

National Assembly Chairwoman Nguyen Thi Kim Ngan (third, right) presents the Labor Order to the banking sector's individuals and collectives with outstanding performance on November 28.

Besides, banking institutions have also been supporting the growth of Vietnamese enterprises by boosting administrative procedures, applying more information technology, and creating a favorable and fair environment for companies to access resources and business chances, according to Hong.

Addressing the congress, Chairwoman Ngan said despite numerous difficulties and challenges in recent years, under the Party’s clear-sighted and timely leadership, the N.A.’s support and supervision, and the Government’s drastic direction, the banking sector has shown proactive and flexible performance in steering the monetary and credit policies, as well as banking activities so as to achieve the consistent targets of keeping macro-economic stability, controlling inflation, tackling obstacles to production and business activities, and promoting economic growth.

The sector’s contributions have helped Vietnam obtain many positive economic outcomes, including an average annual GDP growth rate of 6.78 percent during 2016-2019, inflation kept at below 4 percent, and fruitful poverty reduction and social security programs. Notably, amid the COVID-19 pandemic’s serious impact in 2020, GDP growth is still forecast to top 2 percent, showing the country’s big success in concurrently combating the pandemic and developing the economy, she noted.

The top legislator spoke highly of the sector’s reform and creativity in emulation and rewarding activities in recent years, especially the effective implementation of its emulation movements and those launched by the Government.

She asked the banking sector to continue studying and creatively applying late President Ho Chi Minh’s thinking on patriotic emulation, adding that it should regularly reform emulation campaigns which need to be associated with its targets and tasks.

The sector also needs to improve the quality of rewarding activities to ensure that reward is offered in an objective, precise, fair, and timely manner, the Chairwoman said.

In recognition of the banking sector’s achievements, Chairwoman Ngan presented the first-class Labor Order to the SBV branches in Ho Chi Minh City and Ben Tre province, Deputy Governors of the SBV Dao Minh Tu and Nguyen Kim Anh, and General Director of the Vietnam Bank for Social Policies Duong Quyet Thang.

The second- and third-class Labor Order was also presented to some individuals with outstanding performance over the past years.

Source: VNA