The Government has given the State Bank of Vietnam the task tonarrow the gap between deposit and lending rates, in order to achieve acredit growth of 12 percent.
According to theGovernment’s latest resolution, t he central bank was also requested tosteer capital flow to priority fields in order to facilitate businessoperations, help low-income groups to purchase social housing, andactively tame inflation.
It was asked to drasticallyimplement the project on restructuring credit organisations in the2011-2015 period and quickly finalise management mechanisms to put theVietnam Asset Management Company into operation soon.
The State Bank will have to coordinate with the Ministries of Planningand Investment, Finance to promulgate detailed regulations on preventionof transfer pricing by foreign-funded enterprises to secure an equalbusiness environment.
The Government also ordered speeding up the process of economic restructuring and equitisation of State-owned enterprises.-VNA
According to theGovernment’s latest resolution, t he central bank was also requested tosteer capital flow to priority fields in order to facilitate businessoperations, help low-income groups to purchase social housing, andactively tame inflation.
It was asked to drasticallyimplement the project on restructuring credit organisations in the2011-2015 period and quickly finalise management mechanisms to put theVietnam Asset Management Company into operation soon.
The State Bank will have to coordinate with the Ministries of Planningand Investment, Finance to promulgate detailed regulations on preventionof transfer pricing by foreign-funded enterprises to secure an equalbusiness environment.
The Government also ordered speeding up the process of economic restructuring and equitisation of State-owned enterprises.-VNA
