Hanoi: The State Bank of Vietnam (SBV)'s top priority is to ensure that every mechanism, policy, and management action supports macroeconomic stability, major economic balances, and resilience, while maintaining a sound and transparent market-based banking system, said Prime Minister Le Minh Hung. Chairing a working session with the SBV and credit organisations in Hanoi on August 13, PM Hung emphasized the Government's view of the monetary and banking system as the economic lifeblood, with a pivotal role in maintaining macroeconomic stability, controlling inflation, and fueling rapid, sustainable growth.
According to Vietnam News Agency, the Prime Minister's directives come at a time when the global economic environment is increasingly complex, requiring vigilant and adaptable monetary policy measures. The focus is on ensuring that Vietnam's economic frameworks are robust enough to withstand external shocks while promoting domestic growth. The SBV is tasked with implementing strategies that align with the Government's goals of stability and growth, ensuring that the country's financial system remains both competitive and reliable on an international scale.