Prime Minister Pham Minh Chinh chairs the meeting on monetary policy. Photo: VOV

Chairing a meeting on monetary policy with leaders of the State Bank of Vietnam, the Ministry of Finance, and the Ministry of Planning and Investment, the PM stressed the need to use public investment to lead private investment, focus on growth drivers, such as consumption, export, and investment. He also called for efforts to ease pressure on banks and issue government bonds and project bonds.

The Prime Minister proposed that monetary policy be flexible, timely, effective, and combined with other policies. It’s necessary to boost credit growth, green growth, green economy, circular economy, knowledge economy, and night economy, as well as control the gold market and the dollar market, he said.

The State Bank must continue to direct commercial banks to lower lending interest rates, and focus lending on growth drivers, especially infrastructure projects, according to PM Chinh.