Deputy Prime Minister Vuong Dinh Hue (Source: VNA)

Hanoi (VNA) – The Prime Minister has signed a decision to establish a 39-member National Financial and Monetary Policy Consultation Council led by Deputy Prime Minister Vuong Dinh Hue.

Governor of the State Bank of Vietnam Le Minh Hung has been named permanent vice president of the council, while Minister of Finance Dinh Tien Dung and Chairman of the National Financial Supervisory Committee Vu Viet Ngoan serve as other vice presidents of the council.

The consultation council is assigned with the tasks of discussing and proposing recommendations to the Government and the PM regarding big guidelines, policies and projects as well as important issues in the field of finance and money.

In addition, the council is responsible for consulting with the Government and the PM on deciding financial and monetary policies and plans in each period, as well as on the management measures of the Government to effectively fulfill the decided policies and plans. It will also give consultations about other issues relating to implementation of financial and monetary policies when assigned by the PM.

The council will operate on the principle of consultation and in line with its regulations stipulated by the PM.-VNA