Deputy Prime Minister Le Minh Khai has urged drastic measures to lift Vietnam out of the Financial Action Task Force (FATF)’s list of Jurisdictions under Increased Monitoring (grey list) within two years.
The Vietnamese central bank has limited room to further loosen monetary policy given adverse external factors and a pickup of inflation at home, leading fund manager Dragon Capital said in a recent note.
The State Bank of Vietnam (SBV), the country’s banking regulator, is active in looking for investors that are willing to join the restructuring of troublesome Saigon Joint Stock Commercial Bank (SCB).
The State Bank of Vietnam (SBV) s issuance of bills is not a signal of monetary policy reversal, but there is only limited room for the SBV to further loosen monetary policy, and this is not positive news for the stock market at the end of this year, analysts forecast.