The State Bank of Vietnam (SBV) said on May 30 that it will continue to coordinate with relevant Vietnamese ministries and agencies regarding the US Department of Treasury’s issues of concern, in the spirit of cooperation.
Vietnam’s central bank has said it is ready to sell dollars to shore up the dong if needed.
VOV.VN - Anti-dollarization is urgently needed to protect the value of the nation’s currency and to minimize the adverse impacts that dollarization could place on the economy, experts have said.
Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.
Deputy Prime Minister Vuong Dinh Hue, Chairman of the National Financial and Monetary Policy Advisory Council, chaired a meeting in Hanoi on September 28 to review monetary policy for the third quarter of 2018 and outline tasks for the coming time.
In the context of pressure on inflation and exchange rate, macroeconomic stabilization must be the top priority, experts say.
Vietnam's economy is forecast to expand by 6.8% in 2018, 6.6 percent in 2019 and 6.5% in 2020, according to the World Bank (WB)’s Global Economic Prospects.
VOV.VN - The Prime Minister has issued a resolution on tasks and solutions to implement socio-economic development and state budget plans for 2018. Many ministries and sectors have mapped out measures to achieve their goals. Vietnam is set to gain a GDP growth rate of 6.7% this year.
A criminal investigation launched Friday (September 8) into a former deputy governor of the State Bank of Vietnam will leave no impact on the country’s monetary policy, the central bank said later the same day.
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) on December 2 announced its key orientation of monetary policy management and banking operations in 2017.
The consumer price index (CPI) in the past 11 months of 2016 posted a year-on-year increase of 2.47%, the General Statistics Office (GSO) announced on November 28.
A flexible monetary policy supported stability in Vietnam’s financial market and fostered economic growth this year, a National Financial Supervisory Commission (NFSC) official said in Hanoi recently.
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.
he moves taken by the State Bank of Vietnam (SBV) recently, since the day the new Governor took office, show that obtaining high GDP growth rate is the top priority for the bank when regulating monetary policy.
Vietnam’s foreign reserves have hit a record high of US$40 billion, according to a source from the State Bank of Vietnam (SBV).
Experts have suggested the central bank should further loosen its monetary policy to reduce lending interest rates in a move to support businesses.
Consumer credit was expected to develop rapidly in Vietnam in the next five years, driven by rising demand from a recovering economy with a young population.
The picture of Vietnam’s monetary policy in 2015 is brighter than that in 2011, affirmed Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong at a seminar on the management of the policy in the period and its impact on the economy in Hanoi on December 17.
The Vietnam Institute for Economic and Policy Research (VEPR) has said the central bank should adopt a more cautious monetary policy to avoid asset bubble risk in the future.