Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has affirmed that the SBV will direct monetary policy in a proactive, flexible, and cautious manner, and in harmony with fiscal and other macro-economic policies to curb inflation, maintain macro-economic stability, and fuel economic growth.

Addressing the Vietnam Banking Overview Forum 2019 held in Hanoi on May 8, Hong said the SBV aims to increase total payment instruments and credit by around 13 percent and 14 percent respectively this year.
She added that the central bank will also direct interest and exchange rates in a way that suits macro-economic balances, market development and the goals of monetary policy, while using policy tools and interference measures when necessary to stabilise the foreign exchange market.
The SBV reported that as of January 31, credit organisations dealt with about 204.4 trillion VND worth of bad debts, or over 40 percent of the total. In late 2018, the rate of bad debts was reduced to below 2 percent.
Source:VNA