The event aimed to create a specialised exchange platform where policymakers, economic and financial experts, credit institutions, enterprises and investors could share perspectives and experiences, and discuss key issues of the credit market at present.
The forum was attended by representatives of state management agencies, experts researching macroeconomics and finance and banking, representatives of credit institutions, enterprises and other relevant market participants. It was expected to provide an opportunity for stakeholders to jointly review the overall picture of the credit market in close connection with the goals of economic stability and growth.
In his opening remarks, Vo Tri Thanh, Doctor of Economics and Director of the Institute for Brand Strategy and Competitiveness, affirmed that amid increasingly unpredictable fluctuations in the global and regional economy, the credit market continues to play a particularly important role, serving both as the primary channel for capital supply to the economy and as a strategic regulatory instrument in macroeconomic policy management.
At the forum, delegates focused on clarifying the relationship between credit policy management and macroeconomic stability; analysing the role of credit in promoting growth and supporting the private economic sector and priority fields; and discussing the impacts of interest rate policies, adjustments to credit mechanisms, and potential risks to the banking system and financial markets amid rapid credit growth.
By updating policy trends and sharing practical experience, the forum aimed to support enterprises in reviewing their capital strategies, enhancing financial management capacity and improving access to appropriate credit resources.
Can Van Luc, Doctor of Economics, Chief Economist of BIDV and a member of the Prime Minister’s Policy Advisory Council, pointed out an alternative development model to the commonly used growth model. This model encompasses fast, sustainable and inclusive growth, combining three elements: Investment, Infusion (capital injection) and Innovation, in order to achieve set objectives.
According to Doctor Luc, there is insufficient basis to assert that credit growth must be double GDP growth. Therefore, it is necessary to focus on ensuring macroeconomic stability, recognising the importance of a reasonable credit structure as well as a rational investment structure, especially when 80% of current public investment is allocated to transport infrastructure, 15% to health care and education, 0.5% to science and technology, and 4.5% to other fields. “For this reason, improving investment efficiency and the quality of growth is imperative,” Doctor Luc recommended.
