Governor of the State Bank of Vietnam Le Minh Hung (Photo: VOV)

Lawmakers praised SBV’s performance in recent years, which helped stabilize the macro-economy, control inflation and boost business and production. But some argued that restructuring and dealing with bad debts has not been effective. Mr. Hung responded: “It is essential to complete a legal framework to enhance the capability of inspection agencies. We need more oversight and propose a prompt solution to credit organizations when risks are detected”.

Governor Hung said the State Bank of Vietnam’s monetary policy aims to assure the value of the VND and safety of the monetary system and stabilize credit organizations.

The same day, Minister of Information and Communications Truong Minh Tuan answered questions on applying technology to administrative reform, particularly e-governance and State management of communications, including controlling harmful information on social networks.

Minister of Information and Communications Truong Minh Tuan (Photo: quochoi.vn)

Mr. Tuan said online public services have saved a lot of time in performing administrative procedures, but there are still limitations. Minister Tuan said: “The government has identified key tasks and has instructed Ministries and sectors to improve the business environment and national competitiveness. E-government  is improving the efficiency of public services from central to grassroots levels”.