VOV.VN - Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong has declared that the central bank will regulate monetary policy in a proactive, flexible, and cautious manner in order to curb the average inflation rate below 4 per cent during 2019.
The State Bank of Vietnam (SBV) has set the 2019 credit growth target equivalent to the previous year at about 14%, according to SBV Deputy Governor Nguyen Thi Hong.
Officials and experts talked challenges and solutions to expand the capital – financial market of Vietnam at a forum in Hanoi on August 21.
The State Bank of Vietnam (SBV) will continue managing monetary policy in an active, cautious and flexible manner and combine with other fiscal and macro-economic policies to control inflation, ensure credit institutions’ liquidity, stabilise monetary and foreign exchange markets.
The State Bank of Vietnam (SBV) has set its sights on 17% credit growth this year, slightly down from 18.17% last year.
VOV.VN - Vietnam, other APEC economies, and international organizations have paid special attention to ensure sustainable agricultural and rural development. APEC economies are expanding markets and financial services to boost the agricultural growth and reduce poverty sustainably.
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.
Vietnam needs experience shared by APEC member economies to promote financial inclusion, Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has said.
VOV-VN. High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for agricultural enterprises to expand production. But there remain obstacles to accessing the credit package.
The international community will face many challenges in implementing finance in the future, necessitating a solution that balances the goals of finance, integration and consumer protection in the context of global development.
Half of consumer loans in Vietnam are mortgages or related to house repairs, which raises fears about banks’ liquidity.
The increasing interest rates on house buying and housing repair loans at commercial banks raise worries about the liquidity of the Vietnamese economy.
Channelling investments from the private sector into green projects – as the government’s budget is overstretched – is what it will take for Vietnam’s development to be greener and more socially, economically, and environmentally sustainable.
Representatives from 21 commercial banks has gathered in Hanoi to discuss the interest rate, affirming that, so far, they are feeling no pressure on the issue.
VOV.VN - Vietnam’s forex market has been shaken over the past few days. The VND/USD exchange rate has increased, prompting the State Bank of Vietnam to take steps to stabilize the financial market and Vietnam’s economy.
Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong expressed optimism about achieving its yearly goals during talks with members of the European Chamber of Commerce and Industry in Hanoi on October 3.
The interest rate will continue to be stable over the remaining months of the year, according to the State Bank of Vietnam (SBV).
(VOV) - Vietnam’s banking sector has pursued a flexible monetary policy, helping to drop interest rates and increase credit to an appropriate level.
(VOV) - The Vietnamese government’s flexible monetary policy contributed greatly to Vietnam’s macro-economic stability and socio-economic development.
The State Bank of Vietnam (SBV) on December 24 targeted credit growth between 18% and 20% for next year, with possible adjustments depending on the actual situation.