Vietnam prime minister asks c.bank to report banking system restructuring project

The government on Nov 9, 2011 requested the State Bank of Vietnam to cooperate with related ministries and government bodies to promptly develop banking system restructuring project and report it to the Prime Minster in November, 2011.

The government on Nov 9, 2010 issued Resolution No.98/NQ-CP of its October regular meeting in which it requested the State Bank of Vietnam to cooperate with related ministries and government bodies to promptly develop banking system restructuring project and report it to the Prime Minster in November, 2011.

The central bank was also asked to: 1) continue governing the monetary policies closely, efficiently and in line with market signals; 2) take measures to control and stabilize dollar exchange rates and interbank interest rates; 3) prepare plans to reduce deposit and lending interest rates in accordance with inflation movements; 4) maintain reasonable credit and money supply growth rates; 5) take measures to curb bad debts and ensure the health of the entire banking system and the rights of depositors.

The government also requested the SBV to focus credits for necessities production and prioritize capital to produce agricultural and maritime products for consumption and export, etc.

Source Sophie/ StoxPlus

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Nov 10 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry