Vietnam Central Bank Decides to Raise Money Supply by 30%
The State Bank of Vietnam, the country’s central bank, has decided to raise the credit growth and M2 targets to 30% for this year, Governor Nguyen Van Giau of the SBV said.
“The SBV will adopt the monetary policies flexibly but cautiously and to cap credit growth and total payment balance, or M2 to 30% this year and lower the cap in following years,” Governor Giau said.
The SBV urged the state-owned commercial banks to play a pivotal role in monetary polices. (SBV)
Vietnamese
