Central bank urged to continue flexible monetary policy

07-Mar-2015 Intellasia | VNA | 6:00 AM Print This Post

The State Bank of Vietnam (SBV) has been requested to continue implementing flexible monetary policies in close association with fiscal policy in order to ensure macro-economic stability, support production development, and boost economic growth.

The SBV was also requested to prioritise promoting production and business and accelerate the restructuring of the system of credit organisations to keep the rate of bad debt below 3 percent by the end of 2015.

The central bank will work with ministries to design investment proposals for developing the transport network.

Meanwhile, the Ministry of Planning and Investment will collaborate with ministries and localities to effectively carry out the Law on Public Investment by strengthening the involvement of various resources in the socio-economic development.

The Ministry of Finance will take drastic measures to manage the prices of essential goods and services as the Ministry of Industry and Trade focuses on promoting trade, expanding markets, and boosting exports to raise export value.

The Ministry of Industry and Trade will also work with ministries and localities to develop the bio fuel E5 distribution network and protect consumer rights.

The Ministry of Transport will push the implementation of key transport initiatives in tandem with ensuring transportation safety, especially at festivals.

http://en.vietnamplus.vn/Home/Central-bank-urged-to-continue-flexible-monetary-policy/20153/62295.vnplus

 


Category: Finance, Vietnam

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