On Apr. 11, 2025, VIE GVT issued notice172/TB-VPCP on conclusions from meeting.
Key tasks include continuation of rational development of financial services coverage for rural, remote, border, and island areas; focus on completing legal framework that both promotes development and protects legitimate rights of citizens and businesses.
Improve financial infrastructure with enhanced connectivity to create comprehensive ecosystem for financial service delivery; diversify modern financial products designed appropriately for target groups, especially rural, poor, and vulnerable populations.
Strengthen communication and education to improve financial knowledge and skills, particularly for rural residents; ensure equal access to financial products and services.
Committee members to actively fulfil responsibilities, review and implement assigned tasks, and report to Prime Minister by Jun. 1, 2025; ministries to complete institutional frameworks that balance development with management and consumer protection.
VIE CB to coordinate comprehensive review of 2020-2025 strategy implementation and develop proposed strategy for new phase by Jun. 2025; all related agencies to evaluate 2020-2025 implementation, propose objectives and solutions for next phase.
Document dated Apr. 11, 2025, received from VIE GVT Apr. 14, summarized Apr. 17.
On Mar. 12, VIE CB held meeting to discuss financial inclusion strategy.
VIE CB said Prime Minister Pham Minh Chinh chaired the National Steering committee to evaluate the implementation of the National financial inclusion strategy.
Meeting Highlights
The meeting reviewed the results achieved and discussed ongoing tasks and solutions.
Financial inclusion needs to be implemented through digital platforms and financial technology, such as blockchain, artificial intelligence (AI) as well as big data.
Pham requested VIE CB to study and guide relevant ministries, branches, localities and agencies to conduct a preliminary review of the implementation of the strategy.
Facilitate digital transformation in banking activities, and promote digital payments.
Ministry of Finance encourages insurance enterprises to research and add new insurance products, and further improve the credit guarantee mechanism.
Promote non-cash payment for collection, payment of taxes, fees, charges and fines.
Apr. 2025 Meeting Conclusions
On Apr. 11, 2025, VIE GVT issued notice172/TB-VPCP on conclusions from meeting.
Key tasks include continuation of rational development of financial services coverage for rural, remote, border, and island areas; focus on completing legal framework that both promotes development and protects legitimate rights of citizens and businesses.
Improve financial infrastructure with enhanced connectivity to create comprehensive ecosystem for financial service delivery; diversify modern financial products designed appropriately for target groups, especially rural, poor, and vulnerable populations.
Strengthen communication and education to improve financial knowledge and skills, particularly for rural residents; ensure equal access to financial products and services.
Committee members to actively fulfil responsibilities, review and implement assigned tasks, and report to Prime Minister by Jun. 1, 2025; ministries to complete institutional frameworks that balance development with management and consumer protection.
VIE CB to coordinate comprehensive review of 2020-2025 strategy implementation and develop proposed strategy for new phase by Jun. 2025; all related agencies to evaluate 2020-2025 implementation, propose objectives and solutions for next phase.
Document dated Apr. 11, 2025, received from VIE GVT Apr. 14, summarized Apr. 17.
Regulators
VIE CB; VIE GVT
Entity Types
Bank; Ins; MSB
Reference
Nt 172/TB-VPCP, 4/11/2025; PR, 3/12/2025; Fintech; ESG
