Sharing at the meeting, the SBV Governor emphasized that, in the context of complicated macro-economic developments in both international and domestic markets, the inflation in many economies has eased, but still poses underlying risks, the management of the domestic monetary policy requires to be proactive, flexible and effective. In addition, it is necessary to closely and synchronously coordinate with the fiscal policy and other macroeconomic policies to promote a sustainable economic growth, associated with the macroeconomic stability, controlling the inflation and ensuring the major balances of the economy.
Specifically, the SBV has managed the open market operations in a flexible manner, in accordance with the supply and demand movements in the money market. In addition, the SBV has continued to maintain the key interest rates at a low level to help reduce the lending interest rates and support the businesses and the people. The SBV has directed the credit institutions to further cut down on their operational costs, enhancing the application of information technology and other measures aimed at reducing the lending interest rates. Thanks to the synchronized solutions, the lending interest rates have continued to decrease. As of June 10, 2025, the average lending interest rate for new transactions at the commercial banks was at 6.3% p.a., a decrease of 0.6% as compared to the end of 2024.
The SBV has also managed the exchange rates flexibly, in accordance with the market situation and the macroeconomic factors, thereby contributing to the enhanced absorbability of the external shocks, maintaining the smooth operation of the foreign exchange market, and meeting fully the legitimate demands for foreign currencies of the economy.
Regarding the management orientations in the coming time, SBV Governor Nguyen Thi Hong confirmed that the SBV would continue to closely monitor the developments in the international and domestic economic situations to operate the monetary policy in a proactive, flexible and effective manner; manage the interest rates and the exchange rates in accordance with the macro balances, the inflation movements and the monetary policy objectives. The SBV would also continue to request the credit institutions to further cut down on their operational costs and maintain stable mobilization interest rates, strive to reduce further the lending interest rates in order to support the business and production activities.
In addition, the SBV would continue to implement the credit management solutions in accordance with the macroeconomic situations, the inflation movements and the economy's capital absorbability, contributing to promoting the economic growth in 2025./.
Source: sbv.gov.vn