Adjust monetary policy, coordinate to remove difficulties for businesses

Adjust monetary policy, coordinate to remove difficulties for businesses

VCN - At the Government-local conference to evaluate the work of the first 6 months of the year and implement the plan for the last 6 months of 2023, the Government agreed to move monetary policy from a state of "tight and firm" control at previous times
Should monetary policy shift from "tight, cautious" to "loose, cautious"?

Should monetary policy shift from "tight, cautious" to "loose, cautious"?

VCN - Supporting economic recovery, controlling inflation, stabilizing interest rates, and ensuring credit demand... are the goals targeted by the monetary policy amid the global economic chaos. Therefore, it is recommended that monetary policies have an
Harmonious point for monetary policy rather than"trial and error"

Harmonious point for monetary policy rather than"trial and error"

VCN - In the first months of 2023, many countries faced the risk of economic recession and high inflation, so the trend of monetary tightening is inevitable.
"Upstream" monetary policy to support the economy

"Upstream" monetary policy to support the economy

VCN - Pandemic hits and political tensions among many developed countries expose the world economy to the risk of recession, causing monetary authorities of central major global economies to come up with "hawkish" economic policies.
Maintain the “line of defense” against inflation

Maintain the “line of defense” against inflation

VCN - By the end of 2022, economic indicators have been "on the right track" set by the Party, National Assembly and Government. In particular, inflation is still around 4% and is not under strong upward pressure like some other developed economies.
Interest rates in 2023 still difficult to go against the world trend

Interest rates in 2023 still difficult to go against the world trend

VCN - According to the State Bank of Vietnam, since the beginning of 2022, there have been a total of 340 interest rate hikes globally. But in the first eight months of 2022, the State Bank continued to keep the operating interest rates unchanged.
Three scenarios for price administration of 2023

Three scenarios for price administration of 2023

With three scenarios for price administration of 2023, the inflation control will be implemented flexibly and in line with the practical requirement.
Monetary policy must prioritize inflation control

Monetary policy must prioritize inflation control

According to Assoc. Prof. Dr Pham The Anh, economic growth tends to slow down, while the growth rate of public debt is higher than economic growth.
Loosening monetary policy welcomed amid credit crunch

Loosening monetary policy welcomed amid credit crunch

The State Bank of Vietnam (SBV)’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year (Tet).
More dynamic and creative in exporting goods

More dynamic and creative in exporting goods

Reporter of Customs News talked with Dr. Le Xuan Sang, Deputy Director of the Vietnam Institute of Economics
Economic growth in 2023: Flexible coordination of fiscal and monetary policies

Economic growth in 2023: Flexible coordination of fiscal and monetary policies

VCN - It is forecast that in 2023, Vietnam's economic growth would face many unpredictable risks and challenges. Continuing to promote the implementation of appropriate fiscal policies, while carefully reviewing and effectively coordinating the applicatio
Great pressure on deposit interest rates, lending rates may increase

Great pressure on deposit interest rates, lending rates may increase

With the current situation, there are many concerns that deposit and lending interest rates may continue to increase due to the recovery of capital needs for business activities after the pandemic.
Inflation pressure is only moderate, monetary policy does not need to be changed

Inflation pressure is only moderate, monetary policy does not need to be changed

VCN - Many current comments say that operating interest rates are under pressure and may be adjusted by the State Bank this year. In my opinion, the operating interest rate is not affected much.
Problem of managing interest rates before "wave" of tightening monetary policy

Problem of managing interest rates before "wave" of tightening monetary policy

VCN - Many countries tighten monetary policy to cope with inflation andexpand credit to support the economy during the recovery period. This makes the management of monetary policy, including the interest rate issue of the State Bank of Vietnam (SBV), fac
What pressure is being put on the "shoulders" of banks?

What pressure is being put on the "shoulders" of banks?

According to Dr. Nguyen Quoc Hung, General Secretary of the Vietnam Bankers Association (VNBA), 70% of collateral for loans at banks is real estate, if this market "freezes", banks will be greatly affected.
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