As Thailand is an export-led economy, effective currency management strategies are essential to bolster its export activities, Minister of Finance Pichai Chunhavajira has said.

The growth of financial technologies, including blockchains and cryptocurrencies, depends on how well the legal system can adapt. Globally, as the legal status of cryptocurrencies remains ambiguous, Malaysia and Singapore offer unique approaches to cryptocurrency supervision.

Prime Minister Pham Minh Chinh on July 27 signed to issue a document clarifying measures to enhance businesses’ access to credit.

In 2022, despite many difficulties, Vietnam has managed to keep the macro-economic stability, with high economic growth, controlled inflation and ensured major balances, as well as political stability and protected security and national sovereignty, and enhanced external relations, Prime Minister Pham Minh Chinh said at the 5th Vietnam Economic Forum in Hanoi on December 17.

Fiscal policies have worked to promote economic growth and control inflation in the first months of this year, Deputy Minister of Finance Vo Thanh Hung said, adding that close watch would be placed on the market to ensure inflation was within the National Assembly’s target.

To provide resources to implement fiscal policies supporting the socio-economic recovery and development programme, the National Assembly has approved increasing State budget overspending in 2022-2023 by 1-1.2% of GDP per year on average (to a maximum of 240 trillion VND or 10.35 billion USD).

As the COVID-19 pandemic is predicted to linger and affect the State budget revenue as well as spending on the pandemic combat, it is necessary to flexibly combine fiscal and monetary policies to keep macro-economic stability, said Minister of Finance Ho Duc Phoc.

Minister of Finance Ho Duc Phoc on November 12 answered National Assembly deputies’ questions related to fiscal policies, State budget collection, public debts and budget overspending.

The National Advisory Council on Financial and Monetary Policies had a meeting under the chair of Prime Minister Nguyen Xuan Phuc on July 9.

A Vietnamese delegation led by Acting Chairman of the National Financial Supervisory Commission (NFSC) Truong Van Phuoc has paid a working visit to Italy, aiming to strengthen bilateral cooperation in financial supervision.