The State Bank of Vietnam (SBV) has to work with ministries andlocalities in regulating the monetary policy in a proactive, flexiblemanner in close association with the fiscal policy, so as to have activecontrol of inflation, keep macro-economic stability, boost economicgrowth, and support the development of the financial and securitiesmarkets.
The Government made the request in itsResolution 01/NQ-CP issued recently, during which it assigned the bankto manage interest and exchange rates in line with developments of themacro-economy, inflation, and the monetary market.
At the same time, the SBV should control and enhance credit quality,while applying measures to effectively manage the foreign currency andgold markets, continue measures against the dolarisation andgoldenisation of the economy, and increase the national foreignreserves, said the resolution.
The bank is requested to design measures to mobilise gold stocks in society for the country’s socio-economic development.
It is also asked to coordinate closely with ministries and agencies todesign proper solutions to accelerate non-cash payment, tighten thesupervision and monitoring of operations of credit institutions,absolutely ensuring the safety for the system, and strictly handleviolations in accordance with the law.
Meanwhile,the Finance Ministry is required to collaborate with ministries andlocalities to closely manage State budget expenses in conformity withthe estimate.
The ministry is requested not to issuenew policies and regulations that lead to a rise in State budgetspending when a guarantee source is absent.
TheGovernment demanded to minimize State budget spending for conferences,seminars, festivals, ground-breaking and inaugural ceremonies, andoverseas business trips by ministries, State offices, and localities aswell as the purchase of public cars. State budget advances are also notallowed, except for cases involving natural calamities, diseaseepidemics and defence and security tasks.
TheMinistry of Planning and Investment is to focus investment on importantand urgent projects that are supposed to complete in 2015, whileremoving administrative obstacles to step up the disbursement ofdevelopment investment, and ensuring corresponding capital for ODAprojects.-VNA
The Government made the request in itsResolution 01/NQ-CP issued recently, during which it assigned the bankto manage interest and exchange rates in line with developments of themacro-economy, inflation, and the monetary market.
At the same time, the SBV should control and enhance credit quality,while applying measures to effectively manage the foreign currency andgold markets, continue measures against the dolarisation andgoldenisation of the economy, and increase the national foreignreserves, said the resolution.
The bank is requested to design measures to mobilise gold stocks in society for the country’s socio-economic development.
It is also asked to coordinate closely with ministries and agencies todesign proper solutions to accelerate non-cash payment, tighten thesupervision and monitoring of operations of credit institutions,absolutely ensuring the safety for the system, and strictly handleviolations in accordance with the law.
Meanwhile,the Finance Ministry is required to collaborate with ministries andlocalities to closely manage State budget expenses in conformity withthe estimate.
The ministry is requested not to issuenew policies and regulations that lead to a rise in State budgetspending when a guarantee source is absent.
TheGovernment demanded to minimize State budget spending for conferences,seminars, festivals, ground-breaking and inaugural ceremonies, andoverseas business trips by ministries, State offices, and localities aswell as the purchase of public cars. State budget advances are also notallowed, except for cases involving natural calamities, diseaseepidemics and defence and security tasks.
TheMinistry of Planning and Investment is to focus investment on importantand urgent projects that are supposed to complete in 2015, whileremoving administrative obstacles to step up the disbursement ofdevelopment investment, and ensuring corresponding capital for ODAprojects.-VNA
