Bank Governor addresses people’s concerns about monetary policies

Nguyen Van Binh, the Governor of the State Bank of Vietnam, has addressed the people’s concerns about monetary policies.  During an online meeting with people via the government portal on Thursday, Binh said there was a positive sign in Vietnam’s monetary policy: the local currency Vietnamese dong becomes more attractive. According to the Governor, efforts have been made to improve the value of the dong and in fact, investment in foreign currency  was not as profitable as investment in local currency. Binh also ruled out the possibility of a bank crisis, saying restructure of the banking system stems from demand for change of economic development model, rather than from the banking system’s weaknesses.

In the afternoon, Minister of Transport Dinh La Thang answered questions relating to transport fees, traffic congestion in Hanoi and Ho Chi Minh city as well as progress and quality of transport projects. Questions also focused on the minister’s responsibilities in realizing what he has proposed to help solve traffic problems. Minister Thang said these measures are not new but necessary for the people’s benefits and national development: “After 5 months assuming the post of minister, I must say that these solutions are not new and have been in place for 10 years. It’s important that I have won the people’s consensus and the colleagues’ support. I am determined to do everything which benefits the people and the country”