Macroeconomic stability will be a good foundation for developing the stock market, Deputy Minister of Finance Nguyen Duc Chi said at the Government’s regular press conference on October 29 in Hanoi.
Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.
Vietnam has recorded a strong and impressive socio-economic rebound in the context that the COVID-19 pandemic has been controlled effectively, said Minister-Chairman of the Government Office Tran Van Son at a regular press conference of the Government on October 1.
The State Bank of Vietnam (SBV) will persist in monetary policy management solutions towards macroeconomic stability, but closely follow all developments to manage the situation in an appropriate manner, SBV Governor Nguyen Thi Hong said, given the Federal Reserve System (Fed)’s latest interest rate increase.
Prime Minister Pham Minh Chinh chaired a hybrid meeting with foreign-invested enterprises and business associations on September 17, during which he pledged to create favourable conditions for FDI enterprises to invest successfully and sustainably in Vietnam.
Prime Minister Pham Minh Chinh chaired a conference in Hanoi on September 12 to continue seeking measures for keeping macroeconomic stability, controlling inflation, boosting growth, and ensuring major balances of the economy in the current context.
National Assembly (NA) Chairman Vuong Dinh Hue met voters in Le Chan district, the northern city of Hai Phong on May 14, ahead of the third session of the 15th legislature.
The State Bank of Vietnam (SBV) pledges to continue fostering exchange rate flexibility while maintaining macroeconomic and financial market stability, so as to ease concerns from the US Department of Treasury about the country’s currency practices.
The Government should have more long-term policies and packages supporting and aiding businesses to recover from the impacts of COVID-19, Vietnam Chamber of Commerce and Industry (VCCI) has said.
The Central Institute for Economic Management (CIEM) introduced two scenarios for Vietnam’s economic growth in 2021 during a workshop held in Hanoi on July 15.
The State Bank of Vietnam could increase credit growth limits for credit institutions this year or even launch stronger monetary policies to aid the country’s post-pandemic growth, Governor Le Minh Hung has said.
The Indonesian government has set an economic growth target of 5.6 percent in 2020, up from the 5.3 percent targeted this year, said Coordinating Minister for the Economy Airlangga Hartarto.
The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.
In the 2016-2020, Vietnam’s economic growth has improved and gradually recovered compared to the 2000-2010 period but still has yet to reach the strategic target.
The Government has affirmed its resolve to pursue the goal of macro-economic stability and inflation control while focusing efforts on addressing existing shortcomings and limitations in a resolution adopted at its regular meeting for May.
Vietnam’s socio-economic situation in April 2019 witnessed many positive signs with macroeconomic stability and surging aggregate demand, Prime Minister Nguyen Xuan Phuc told a regular cabinet meeting in Hanoi on May 4.
Indonesia’s external debt remained under control at healthy levels, apparent from its about 37 percent external debt-to-Gross Domestic Product ratio at the end of February, relatively unchanged from the earlier month and within the average of peer nations, according to a statement from the Bank Indonesia (BI).
Prime Minister Nguyen Xuan Phuc has asked for stronger efforts from sectors to promote macroeconomic stability and control inflation towards fostering sustainable and comprehensive economic growth.
Prime Minister Nguyen Xuan Phuc received Kevin McAllister, Executive Vice President of the US’s Boeing Company and President and Chief Executive Officer of Boeing Commercial Airplanes, in Hanoi on February 27.
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