Activities of Credit Institutions in Vietnam Today

Currently in the market economy, financial and monetary factors play an extremely important role, so the operation and activities of credit institutions will contribute to promoting the strong development of the economy. The country's finances in particular as well as the country's socio-economic development in general. Furthermore, credit institutions are intermediary financial institutions, operating as businesses providing special services, accepting deposits for lending and providing payment services, so credit institutions are known as the most important capital circulation center for the economy. Vietnam's economy in recent years has always achieved high growth rates compared to the region. With the current level of growth, the need for capital for the economy is extremely large. In current conditions, where foreign investment is still limited, the policy of relying on domestic capital is being thoroughly implemented. However, channels to mobilize capital from the economy's internal resources are still narrow. Vietnam's stock market has not yet become an effective capital supply channel for the economy. Reality shows that the majority of Vietnamese businesses do not have great financial capacity and operate mainly on loans from credit institutions. The article focuses on analyzing and clearly evaluating the current situation of capital mobilization and lending activities of credit institutions affecting Vietnam's economic growth and thereby providing solutions for the Government and State Bank of Vietnam. Countries and credit institutions to improve the operational efficiency of credit institutions in the coming time.