VOV.VN - Inflation is currently being well controlled in Vietnam thanks to an active and flexible monetary policy, coupled with self-control in the supply of basic necessities in the country, according to foreign experts.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underscored that credit governance must be prudent to help curb inflation and stabilise the macro-economy when responding to legislators’ concern about credit for real estate.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underlined the need for proactive and flexible response to changes to control inflation and stabilise the macro-economy while talking about some issues mentioned by legislators on October 28.

VOV.VN - Despite banks moving to raise interest rates that has caused numerous difficulties for businesses, the move could be viewed as a necessary step toward maintaining the stability of the forex market and ensuring anti-inflation requirements.

Legislators scrutinised a proposal and a report on the draft Law on Money Laundering Prevention and Control (amended) as part of the 4th session of the 15th National Assembly (NA) in Hanoi on October 20.

VOV.VN - Vietnam’s economy registered strong annual growth of 13.7% in Q3, mostly reflecting a low base effect, according to the October edition of the World Bank (WB)’s monthly Vietnam Macro Monitoring.

Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%.

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.

Besides interest and exchange rates, non-performing loans (NPLs) are also a concern for banking activities in the remaining months of 2022, experts have warned.

VOV.VN - The State Bank of Vietnam (SBV) has decided to raise operating interest rates by approximately 1% as of September 23 in an effort to keep inflation in check and maintain the macroecnomic stability.