The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.
For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
Vietnam recorded a year-on-year rise of 2.5 percent in the consumer price index (CPI) during January-September, marking the lowest increase seen in three years, the General Statistics Office said.
The consumer price index (CPI) in the first half of 2019 increased on average 2.64 percent against the same period last year, the lowest pace recorded over the past three years, General Statistics Office (GSO) General Director Nguyen Bich Lam announced on June 28.
Credit packages with preferential interest rates offered to small and medium enterprises (SMEs) in Ho Chi Minh City contributed largely to the city’s economic growth of 8.3 percent in 2018, heard a conference held in the city on April 18.
The consumer price index (CPI) in 2018 is forecast to rise by 3.41 percent, 3.55 percent and 3.9 percent under the scenarios created by the aide group of the Government’s Steering Committee on Price Management.
The flexible implementation of monetary policy from the State Bank of Vietnam (SBV) contributed to stabilising the financial market from the beginning of this year.
Business
