SBV pursues flexible monetary policy for macro balance
(VOVWORLD) - The State Bank of Vietnam will continue to pursue its proactive, flexible, cautious monetary policy this year for macro-economic stability and recovery in the context of the Covid-19 pandemic.
 At the meeting (Photo: qdnd.vn) |
Addressing a press briefing in Hanoi on Thursday, SBV Vice Governor Dao Minh Tu said the central bank will instruct credit institutions to support businesses and people while reducing cost of borrowing, especially in priority industries.
“Vietnam’s credit growth this year is estimated at some 11%. We aim at 12% credit growth rate next year depending on market situation and it will be reflected in our monetary policy, ” said Tu.