Steady ship anticipated for monetary policy to 2025

Steady ship anticipated for monetary policy to 2025

Despite an uncertain global economic environment, Vietnam’s overall macroeconomic situation is forecast to remain stable in the second half of 2024. Suan Teck Kin, head of research at UOB, shared with VIR’s Thuy Van the outlook of Vietnam’s economy and how the country positions itself to capitalise on opportunities for economic growth and investment.
PM chairs meeting on fiscal, monetary policy management

PM chairs meeting on fiscal, monetary policy management

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.
Garments and textile heads demand assistance

Garments and textile heads demand assistance

Leaders in the garments and textiles industry have spoken of the need for government assistance to ensure recovery.
PM urges enhancing credit access, absorption to fuel growth

PM urges enhancing credit access, absorption to fuel growth

Prime Minister Pham Minh Chinh on March 14 chaired a conference launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.
Multi-pronged approach to fortify monetary policy

Multi-pronged approach to fortify monetary policy

It has been a period of heightened global economic tribulations, with Vietnam facing its share
A different approach for monetary policy adjustments

A different approach for monetary policy adjustments

Data from the State Bank of Vietnam showed that after a 5.5 per cent increase in money supply in 2022, there was a 13 per cent increase last year. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked to VIR’s Hong Dung about the current money supply and velocity.
Monetary policy governance requires thorough consideration: official

Monetary policy governance requires thorough consideration: official

As the governance of the monetary policy has to concurrently guarantee multiple targets, including reducing interest rates, expanding credit, stabilising foreign exchange rates, and ensuring credit institutions’ safety, thorough consideration is needed before any steps are taken, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Predictable policy measures can ensure a smoother ride

Predictable policy measures can ensure a smoother ride

Nguyen Ba Hung, principal country economist at the Asian Development Bank in Vietnam, talked with VIR’s Hong Dung about how this policy can perform in addition to a need for a stronger fiscal policy to boost economic activities.
More harmonisation advised for fiscal and monetary policy

More harmonisation advised for fiscal and monetary policy

While the additional loosening of monetary policy is constrained, Vietnam should focus on boosting the expansion of fiscal policy to spur domestic production and business activities, economists have said.
NA deputies bemoan slow lending plans

NA deputies bemoan slow lending plans

The slow deployment of a pro-business monetary policy is making it hard to provide timely assistance for enterprises, cooperatives, and household businesses.
Systemic weaknesses holding back impact of PSRD

Systemic weaknesses holding back impact of PSRD

The slow-paced implementation of a monetary policy is making it hard for the government to provide assistance for enterprises, cooperatives, and household businesses.
ADB sets moderate 2023 growth outlook for Vietnam

ADB sets moderate 2023 growth outlook for Vietnam

Vietnam’s economy is expected to grow by 6.5 per cent this year and expand to 6.8 per cent in 2024, according to the Asian Development Bank (ADB).
Economists cautious on interest rate adjustments

Economists cautious on interest rate adjustments

As Vietnam’s government has raised its inflation target to 4.5 per cent for 2023, policymakers are required to maintain a cautious stance on monetary policy.
Upgrading Vietnam's GDP forecast for 2022 to 8.2 per cent

Upgrading Vietnam's GDP forecast for 2022 to 8.2 per cent

Against fluctuations in the global political and economic situation, UOB raised the full-year GDP growth forecast for Vietnam to 8.2 per cent.
Myriad of choices available for monetary policy in Vietnam amid global fluctuations

Myriad of choices available for monetary policy in Vietnam amid global fluctuations

As today’s markets are undoubtedly volatile, the State Bank of Vietnam is in a dilemma to adopt a proper monetary policy. Economic expert Vu Dinh Anh discussed with VIR’s Hong Dung the potential approaches for Vietnam to sail through the challenging period.
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