US Federal Reserve Chair Janet Yellen has suggested Vietnam establish an independent central bank to regulate monetary policies in the future.
She made the suggestion at a working session with visiting Finance Minister Dinh Tien Dung in Washington D.C. on March 11.
The one like the FED will make it easier for Vietnam to realise its goals of taming inflation, stabilising the macro-economy and creating trust among the public, Yellen said.
She said as an agency independent from the Government assigned to regulate the national monetary policy among other tasks, the FED and the Department of Finance often hold consultations but never interfere into each other’s affairs.
Dung briefed his host on Vietnam’s macroeconomic situation and budgetary and fiscal execution in 2013 and its orientations in 2014.
The two also spoke about the relations between their countries and the process of negotiations on the Trans-Pacific Partnership (TPP) agreement.-VNA
She made the suggestion at a working session with visiting Finance Minister Dinh Tien Dung in Washington D.C. on March 11.
The one like the FED will make it easier for Vietnam to realise its goals of taming inflation, stabilising the macro-economy and creating trust among the public, Yellen said.
She said as an agency independent from the Government assigned to regulate the national monetary policy among other tasks, the FED and the Department of Finance often hold consultations but never interfere into each other’s affairs.
Dung briefed his host on Vietnam’s macroeconomic situation and budgetary and fiscal execution in 2013 and its orientations in 2014.
The two also spoke about the relations between their countries and the process of negotiations on the Trans-Pacific Partnership (TPP) agreement.-VNA
