Deputy Governor Nguyen Thi Hong had a meeting with Credit Suisse Singapore delegation led by Mr. Chate Benchavitvilai, in Hanoi on February 17.
At the meeting, Deputy Governor Nguyen Thi Hong warmly welcomed the delegation from Credit Suisse Singapore to Vietnam and exchanged with the delegation about the management of monetary policy and banking operations in 2015 and the orientations of the management of monetary policies in 2016. Deputy Governor Nguyen Thi Hong asserted that on the basis of objectives set by the National Assembly and the Government, the SBV will manage monetary policy in an active and flexible manner as well as in collaboration with fiscal policy and other macro- economic policies in order to curb the target inflation of below 5%, ensure macro-economic stability, contribute to support economic growth rate at reasonable level of about 6.7%; manage the interest rates and exchange rate in line with macro-economic developments, inflation and international and domestic money market; increase credit outstanding and improve credit quality.
For his part, Mr. Chate Benchavitvilai congratulated on achievements Vietnam obtained in the socio-economic development over the past time. He highly appreciated the new method of managing exchange rate in the direction of announcing the central rate of VND versus USD and cross rates of VND versus several major foreign currencies for the purpose of tax evaluation from early 2016. Moreover, the two sides assessed the prospect of Vietnam’s economy in 2016; analyzed and exchanged about the advantages, opportunities and challenges of Vietnam’s economy facing negative developments of the international economy…
DH