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Vietnam needs to be wary of imported inflation, especially from rising global energy and commodities prices, experts have warned, urging attention to be paid to promoting exports and putting imports under control.
The headquarters of the State Bank of Vietnam (Photo: VNA)
Hanoi (VNA) - Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.
But the
State Bank of Vietnam (SBV) managed a monetary policy flexibly and cautiously, in combination with other fiscal and
macro-economic policies, to curb inflation, stabilise the macro economy as well as monetary and
The SBV adopted one of the quickest and strongest monetary policy responses in the world.
According to Bui Thuy Hang, Deputy Director of the SBV’s
Monetary Policy Department, the central bank worked to ensure smooth liquidity for credit institutions and helped the monetary and foreign exchange markets stay firm, thus enabling credit institutions to cut interest rates.