Vietnamplus

Record-high foreign reserves will enable Vietnam’s central bank to keep the dong, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.

Macroeconomic indexes have experienced positive changes over the last nine months, showing the effectiveness of Vietnam’s financial and monetary policies, according to the National Financial and Monetary Policy Consultation Council.

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.

Government members looked into socio-economic performance in July and seven months during a regular meeting in Hanoi on August 3.

The central bank may consider lifting credit growth targets for several banks to support economic growth, according to Bao Viet Securities.

Keeping average inflation below 4 percent is achievable this year, said Deputy Prime Minister Vuong Dinh Hue during a meeting of the Steering Committee on Price Management last weekend.

Vietnam’s macro economy remained stable in the first six months of 2017 while inflation was curbed so as to reach the national steering committee on price management’s yearly target of 4 percent.

The State Bank of Vietnam (SBV)’s continuation of a prudent monetary policy is a reason for the slight year-on-year decrease of the core inflation in the first quarter of 2017.

The State Bank of Vietnam (SBV) has reaffirmed its determination to pursue a proactive and flexible monetary policy in 2017.

Vietnam’s central bank said it will pursue a proactive and flexible monetary policy in 2017 to stabilise the rates of interest and foreign exchange.

The State Bank of Vietnam (SBV) on December 2 announced its key orientation of monetary policy management and banking operations in 2017.

Vietnam must continue to maintain stability, accelerate restructuring and improve the competitiveness of the economy in the face of ongoing global headwinds, members of a think-tank report.

Vietnam’s gross domestic product (GDP) in the first nine months of 2016 expanded by 5.93 percent from a year earlier, according to the General Statistics Office (GSO).

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.

The Malaysian government on July 13 decided to lower the basic interest rate for the first time in seven years in the context of its economy struggling with weak exports and uncertain global economic

The National Financial and Monetary Policy Advisory Council will concentrate on dealing with the reorganisation of credit institutions and State-owned enterprises, and handling bad debts.

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.

Credit would increase faster in the next few months thanks to new regulations on lending, experts have forecast.

The National Council for Financial and Monetary Policy Consultation should promote its advisory role in major projects in the field.

Singapore on April 14 announced that the country will loosen its monetary policy in an attempt to stimulate the country’s sluggish economy which has been forecast for slow growth this year.