Vietnam PM calls for proactive, flexible monetary policies

Quick Summary:

Prime Minister Pham Minh Chinh has asked for proactive, flexible, timely and effective monetary policies to be continued to promote the country’s socio-economic development while ensuring the safety of Vietnam’s financial and banking systems.

In addition, efforts must be made to utilise free trade agreements (FTAs), promote negotiations of new FTAs, accelerate domestic consumption, diversify markets and supply chains, improve the investment environment and attract new investments, he said.

The focus must be on speeding up public investment disbursement and credit growth and promoting exports to reach around US$750bil to US$800bil in 2024.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: EconomicDevelopment Economy MonetaryPolicy InflationControl VietnamEconomy CreditGrowth FinancialStability BankingSector PublicInvestment /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 680 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21960357

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