In the coming period, the SBV will adjust interest rate policy in line with macroeconomic conditions and inflation trends, and require credit institutions to publicly disclose lending rates to improve transparency.
The directive requires ministries and local authorities to monitor post-Tết price fluctuations, particularly for essential consumer goods and key production inputs.
Close coordination and mutual support between monetary policy, fiscal policy and other macroeconomic policies are necessary to maximise effectiveness and achieve the goals of maintaining macroeconomic stability, controlling inflation, promoting growth and ensuring economic balance.
The National Assembly has approved a development plan that aims to deliver double-digit economic growth, expand manufacturing, and push ahead with institutional reforms.
The Prime Minister directed the State Bank of Vietnam to work with relevant agencies to monitor global and domestic economic trends and manage monetary policy proactively and effectively.
Việt Nam’s economic outlook is heavily dependent on the outcome of trade negotiations and is constrained by elevated global uncertainty on trade policies and economic growth, according to an International Monetary Fund (IMF) team led by Paulo Medas. The team...
The Monetary Authority of Singapore (MAS) will launch a S$5 billion programme through which it will partner with ed fund managers to invest in Singapore stocks, it said late last week.
It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
Prime Minister Phạm Minh Chính received a delegation of the International Monetary Fund (IMF)''s 2024 Article IV Mission to Việt Nam led by its head Paulo Medas in Hà Nội on November 15.
With rising stock market returns and reduced corporate borrowing costs, SBV’s policy direction should positively impact business performance and stock market growth.
Việt Nam''s economic growth is projected to recover to 6.1 per cent in 2024, supported by continued strong external demand, resilient foreign direct investment and accommodative policies.
Prime Minister Phạm Minh Chính has asked proactive, flexible, timely and effective monetary policies to be continued to promote the country’s socio-economic development while ensuring the safety of the national financial and banking system.