Prime Minister Pham Minh Chinh has urged the banking sector to make an important contribution to maintaining macroeconomic stability, promoting growth, ensuring major balances; reducing costs to reduce lending rates; and providing credit to prioritised industries and programmes.
Vietnam will take various actions to achieve a growth rate of at least 8% in 2025 as set by the Government, Deputy Minister of Planning and Investment Nguyen Duc Tam told a regular Government press briefing on January 8.
The National Financial Supervisory Commission, in collaboration with the Korea International Cooperation Agency (KOICA), organised an international conference themed “Vietnam’s financial market: Perspectives and policy orientations” in the south-central province of Ninh Thuan on December 12.
Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB+', from 'BB', with the “Stable” outlook, the Ministry of Finance announced on December 8.
Lao Prime Minister Sonexay Siphandone has pledged to continue enforcing measures to stabilise macroeconomy and prevent Laos from falling into a crisis, reported the Vientiane Times on November 1.
Coordinating Minister for Economic Affairs, Airlangga Hartarto said that the Indonesian Government has set a goal to attract 1,650 trillion IDR (over 108 billion USD) in investment in 2024.
The Finance Ministry said on September 6 that Moody’s Investors Service has upgraded Vietnam’s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.
Prime Minister Pham Minh Chinh has emphasised the need to strengthen the capacity for analysis, forecasting as a tool to help control inflation, stablise macro-economy, and ensure major balances of the economy, contributing to accelerating economic recovery and sustainable development.
The fiscal and monetary package to support socio-economic recovery and development is not likely to affect the macroeconomy, especially the index of public debts, public debt payment and inflation, according to Hoang Van Cuong, a National Assembly (NA) deputy of Hanoi.
The Ministry of Planning and Investment has announced it started collecting feedback on a major policy which dictates the amount of control the State is to maintain over key businesses and sectors.
Indonesia posted its biggest trade deficit in seven months in November, as exports fell more than expected and imports of consumer goods soared ahead of year-end festivities.
With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam (SBV).
Fitch Ratings has revised Vietnam’s outlook to positive from stable, and affirms the country’s Long-Term Foreign-Currency Issuer Default Rating at “BB”.
