US and Vietnam aligning on monetary philosophy

US and Vietnam aligning on monetary philosophy

The United States and Vietnam are making joint efforts to ensure market fairness and macroeconomic stability, therefore enhancing bilateral economic links with monetary and exchange-rate perspectives.
SBV focuses on flexibility to achieve economic goals

SBV focuses on flexibility to achieve economic goals

The State Bank of Viet Nam will tweak monetary policy this year to help achieve the targets set by the Government and National Assembly.
PM Dung's New Year message stresses top priorities

PM Dung's New Year message stresses top priorities

PM Nguyen Tan Dung has sent a New Year message emphasising the central tasks of 2013, which include institutional improvement, combination of monetary and fiscal policies, support for businesses, administrative reform, economic restructuring, and guarantee of social welfare.
Balancing act to calm the market

Balancing act to calm the market

In 2011, the State Bank took the first key steps towards restoring the balance between the money market and capital market.
Avoiding the year-end pressures

Avoiding the year-end pressures

Monetary policy will continue to be crucial in constraining the traditional inflation blowout during the final months of the year.
Recalibration  of policy needed

Recalibration of policy needed

As the spectre of stagnation appears on the horizon, it may be time for Vietnam to consider a different policy direction.
Gold fever proves contagious

Gold fever proves contagious

"Wall Street could easily press the gold price back to $1,200-$1,500, draining China’s reserves, as it did to OPEC countries when the gold price fell from $850 to $200 after the energy crisis of 1979"
A steady hand to guide economy

A steady hand to guide economy

Newly-elected State Bank governor Nguyen Van Binh talks to VIR about the bank’s main goals and explains why the country has reasons to be optimistic on the forex front.
Interest rates spiking growth limitation plans

Interest rates spiking growth limitation plans

The credit growth target set under 20 per cent for this year seems to be well within reach as the monetary tightening process continues to nail interest rates at a high level.
New legislation to curb outstanding new year issues

New legislation to curb outstanding new year issues

In 2010, Vietnam’s economy witnessed a lot of bad news, including the Vinashin scandal, the over-inflation of the local currency, the super-inflation of consumer price index (CPI), the increase in gold and US dollar prices weakening the local currency, the gloomy securities markets and proposed bond issuances from large corporations.
IMF chief urges global monetary reform

IMF chief urges global monetary reform

IMF chief Dominique Strauss-Kahn on Thursday said the currencies of China and other emerging economies should play a greater role in global finance, as part of a bid to promote monetary stability.
Tough cure needed for ailing forex market

Tough cure needed for ailing forex market

Over the past decade, the trade deficit along with high inflation has been named as the most alarming threat to Vietnam’s macroeconomy and to monetary management.
Macroeconomic disequilibrium and possible future directions

Macroeconomic disequilibrium and possible future directions 1

After a decade of high annual growth until 2007, Vietnam has experienced a slowdown since 2008 with the onset of the global economic crisis, when its gross domestic product (GDP) growth fell to 6.2 per cent and then further to 5.2 per cent in 2009.
Time to think outside the box

Time to think outside the box

The consumer price index rise of nearly 12 per cent in 2010 showed that inflation had returned right when the economy started to rebound.

Falling interest rates just the ticket

While high-profile international financial institutions are calling for Vietnam to further tighten its monetary policy to stabilise its macroeconomy, Thang Long Securities vice general director Quach Manh Hao says reducing interest rates is the way to go.
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