Amid the US Federal Reserve (FED)’s continuous increases of interest rates to cope with inflation, the most important task for Vietnam now is to keep macro-economic stability, with monetary stability being the core, some economic experts have said.

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.

VOV.VN - Party General Secretary Nguyen Phu Trong, in his closing speech at the sixth plenum of the Party Central Committee in Hanoi on October 9, asked for greater efforts to be made to maintain the national macroeconomic stability in the context of global unpredictable complications.

The ASEAN+3 Macroeconomic Research Office (AMRO) has joined many international organisations in revising up Vietnam’s GDP growth this year thanks to the country’s strong performance since early this year and success in containing inflation.

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.

VOV.VN - The Vietnam Socio-Economic Forum 2022 is set to take place in Hanoi on September 18, with National Assembly Chairman Vuong Dinh Hue in the chair, according to a press briefing in Hanoi on September 15.

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.

VOV.VN - Prime Minister Pham Minh Chinh on August 3 asked ministries, sectors, and localities to make maintaining the country’s macro-economic stability over the coming months the top priority in order to lessen the impact of global complications negatively affecting the national economy.

Prime Minister Pham Minh Chinh chaired a meeting on July 28 to discuss short- and long-term measures for keeping inflation under control, stabilising the macro-economy, and promoting socio-economic recovery and development.

Although the 2020-2022 period was a tough time for both State-owned and private enterprises due to macro-economic fluctuations after the COVID-19 pandemic, it provided a good chance for businesses that managed to exist and make breakthrough growth, according to a report by Vietnam Report JSC.