PM requests a well-managed monetary policy

(09/01/2008) Prime Minister Nguyen Tan Dung has emphasized the necessity for a well-managed monetary policy to ensure the national growth rate of 9 percent and keep a lower inflation rate.

This is one of the three main tasks that were outlined by the PM Dung at a conference in Ha Noi on Jan. 9 to discuss 2008 action plan of the banking sector.

It is also necessary to facilitate the sustainable and effective development of the banking system and financial institutions, the PM said, stressing the immediate focus should be paid on equitisation of five commercial banks.

Improvement of the State banking system’s forecast, inspection and supervision capability and human resource training should be achieved this year, noted the PM.

The government leader also praised the banking sector for its contributions to the sustainability of the macro economy in 2007 by controlling interest rates and exchange rates.