National Comprehensive Financial Strategy until 2025 to be deployed

02/10/2020 10:30

(BNP) – Provincial People’s Committee issued Decision No. 437/QD-UBND on the implementation plan of the National Comprehensive Financial Strategy to 2025, orientation to 2030.

Illustrative photo.

The plan was launched with an aim to facilitate people and businesses to access and use financial products and services conveniently, in accordance with their needs at reasonable costs and being provided responsibly and sustainability with a focus on the poor, the low-income, the weak, small and medium-sized businesses and microenterprises.

Following plan, by the end of 2025, at least 80% of adults should have a trading account at a bank / financial institution; by 2030 each adult should have at least one transaction account at a bank / financial institution; by 2025 at least 50% of communes should have points of financial service points; at least 25-30% of adults deposit savings at a credit institution; the digital payment transactions should reach the annual growth rate of 20% - 25%; at least 250,000 SMEs and MSMEs should have outstanding loans at credit institutions

Relevant departments, agencies and units focus on completing the legal framework to create a favorable environment for the implementation of comprehensive financial objectives; develop a variety of supply organizations, distribution channels, financial products and services provided by licensed organizations to enhance the accessibility and use of those who have not been accessed or little access to financial products and services; promote application of digital technology, enhance innovation in the design and distribution of financial products and services in the direction of simplicity, convenience, ease of use, cost reduction and conformity with needs and affordability of all people, businesses, especially small and medium-sized enterprises, rural population…

The Provincial People's Committee assigned the State Bank of Bac Ninh Branch as the host, working with Departments, Branches, People's Committees of districts, towns, and relevant agencies to organize the effective implementation of the Plan; organize preliminary review and evaluation of the implementation results of the Plan…