According to the Decision, the Strategy is designed to create a comprehensive, modern, safe, and inclusive financial ecosystem, contributing to improving people's lives and ensuring that no one is left behind in the development process. It strives to ensure that all citizens and businesses, especially priority groups, have equal and comprehensive access to financial products and services, fully benefiting from the Strategy's achievements, contributing to ensuring social progress, equity, and social security in the development process.
The Strategy identifies its target audience as all citizens and businesses; among which, priority groups include: People in rural areas, remote areas, border areas, and islands; poor households, near-poor households, households with average living standards, and low-income households; individuals belonging to poor households, near-poor households, households with average living standards, and low-income households; students; small and medium-sized enterprises, cooperatives, and business households. This includes focusing on small and micro-enterprises, household businesses owned by young people, women, vulnerable groups, ethnic minorities, mountainous areas, border regions, and islands; and other vulnerable groups.
The strategy aims to achieve by 2030 that 95% of the population aged 15 and over have transaction accounts at banks or other authorized institutions. The value of cashless payments will be 30 times GDP; at least 30% of adults will have savings at credit institutions and branches of foreign banks; at least 300,000 small and medium-sized enterprises will have outstanding loans at credit institutions and branches of foreign banks;
Credit outstanding for agricultural and rural development will account for approximately 25% of total credit outstanding to the economy. At least 75% of adults will have credit history information in the State Bank of Vietnam's credit information system. Insurance industry revenue is projected to reach approximately 3.3-3.5% of GDP.
To achieve these goals, the Strategy outlines several key tasks and solutions, including: perfecting the legal framework to create a favorable environment for achieving inclusive finance goals; developing diverse financial product and service providers and modern distribution channels to support the Strategy's target groups in accessing and using financial products and services conveniently and at reasonable costs; developing diverse, modern, and user-friendly financial products and services targeting the Strategy's target groups; building and improving the digital financial service infrastructure to promote inclusive finance; implementing the National Financial Education Program and the Digital Citizenship Program nationwide; strengthening consumer protection in financial services; promoting sustainable finance, climate finance, and inclusive finance. Strengthening cybersecurity and protecting personal data...
This Decision takes effect from the date of signing and replaces Decision No. 149/QD-TTg dated January 22, 2020 of the Prime Minister on approving the National Comprehensive Financial Strategy to 2025, with orientation to 2030.
by VNBA News
