Towards those goals, in its Resolution No.126/NQ-CP, the Government asked the State Bank of Vietnam to coordinate with ministries, sectors and localities to implement a cautious and steady but flexible monetary policy in combination with other fiscal policies to control inflation and keep macro-economy stable.

(Photo for illustration; Vietnam+)

The bank was requested to combine tools and solutions regarding exchange rate, interest rate, growth credit, and speed up the implementation of the policy of 2% interest rate support, while strengthening communications to create social consensus and improve the efficiency of the policy implementation.

In the decision, the Government also assigned specific tasks to the Ministry of Finance, Ministry of Planning and Investment, Ministry of Industry and Trade, Ministry of Agriculture and Rural Development, Ministry of Labor, Invalids and Social Affairs, and Ministry of Construction.

Ministries, sectors and localities are  required to stay prepared in controlling risks and timely responding to risks of recession and crisis in a timely manner.

Source: VNA