During  Tuesday’s meeting with the National Financial and Monetary Policy Advisory Council, PM Phuc, who is the Chairman of the council, said coronavirus outbreak has caused a decline in the global economy and an interruption in trade between Vietnam and its trading partners.

“Vietnam is a safe country with a stable macro-economy, growing production and exports. Inflation is not a big problem while major economic balances have been maintained with an enhanced quality of life," said PM Phuc.

"The government is implementing a double goal of preventing the spread of the new coronavirus and ensuring people’s health while fulfilling targets assigned by the National Assembly. With aggressive coordinated measures, Vietnam is confidently moving forward. We do not have a plan to adjust our growth and macro-economic targets,” he added.

The Prime Minister said the primary task now is to prevent the spread of the coronavirus and to protect people’s health which he added will help Vietnam realize its set targets.

"We need to remain consistent with the targets of controlling inflation, stabilizing the macro-economy, and ensuring economic balances to secure sustainable growth. We need to create open mechanisms, and favorable financial and monetary policies, while focusing on exports, boosting domestic consumption, and mobilizing more social resources,” he noted.