THE PRIME MINISTER
Decision No. 369/QD-TTg of February 28, 2013, approving the Strategy on development of Vietnam Development Bank through 2020, with a vision toward 2030
THE PRIME MINISTER
Pursuant to December 25, 2001 the Law on Organization of the Government;
Pursuant to the December 16, 2002 Law on State Budget;
Pursuant to the June 16, 2010 Law on Credit Institutions;
Pursuant to the Government’s Decree No. 75/2011/ND-CP of August 30, 2011, on investment credit and export credit of the State;
Pursuant to the socio-economic development strategy for 2011-2020;
At the proposal of the Minister of Finance,
DECIDES:
Article 1. To approve the Strategy on development of Vietnam Development Bank through 2020 with a vision toward 2030, with the following contents:
1. General objectives
To continue to strengthen and develop Vietnam Development Bank as a policy bank of the Government operating not for profit purposes in a sustainable and efficient direction, ensuring adequate capacity to implement investment credit and export credit policies of the State and other tasks assigned by the Government and the Prime Minister, contributing to implementing the national socio-economic development strategy and plan in each period.
2. Specific objectives
a/ The credit growth rate of Vietnam Development Bank during 2013-2020 will be about 10%/year on average, with its asset size reaching approximately 500 trillion dong by 2020. After 2020, its credit growth rate will be determined according to the requirements of socio-economic development.
b/ To determine the structure between equity and mobilized capital of the Bank with a roadmap to increase equity in order to achieve a ratio between equity and total outstanding loans of investment credit and export credit of Vietnam Development Bank suitable to each period.
