PM directs implementation of monetary policy management in 2024, removing difficulties for production and business

Prime Minister Pham Minh Chinh has just signed and issued Directive No.14/CT-TTg on implementing the task of operating monetary policy in 2024, with a focus on removing difficulties for production and business, promoting growth and macroeconomic stability.
The Prime Minister directs implementation of monetary policy management in 2024, removing difficulties for production and business.
The Prime Minister directs implementation of monetary policy management in 2024, removing difficulties for production and business.

In 2023, Vietnam achieved positive results in most fields. The macroeconomy was basically stable, inflation was controlled, major balances of the economy was ensured; Vietnam's currency was basically stable; public debt, Government debt, foreign debt, budget overspending were under control...

In early 2024, the economy has been recovering in all areas. These achievements are attributed to the great efforts of the entire political system under the leadership of the Party together with the consensus and support of people and businesses. 2024 is a year of acceleration and breakthrough, which is especially important for the successful implementation of the 5-year plan from 2021 to 2025.

The PM requested the State Bank to strengthen inspection, examination, control and strict supervision of credit granting by credit institutions, and immediately carry out inspection and examination work for credit institutions. gold market, activities of gold trading enterprises, stores, distribution agents and gold bar trading, consolidating the inspection and examination system to ensure smoothness and connection from central to local levels.

The Government leader also asked the Ministry of Finance to continue to operate the expansionary fiscal policy in a reasonable, synchronous, harmonious, flexible manner.

The PM requested the Ministry of Industry and Trade to continue diversifying export markets, products, supply chains, and production chains; consolidate and expand the market share of Vietnamese goods in traditional markets, creating a breakthrough in expanding market share in new and potential markets.

The Ministry of Public Security was asked to coordinate with the State Bank of Vietnam to urgently have solutions to prevent and handle cross-ownership and manipulation at credit institutions, ensuring the safety of the system of credit institutions and financial and monetary security.

Meanwhile, the People's Committees of provinces and centrally-run cities should closely coordinate and create favourable conditions for credit institutions, people, and businesses in banking activities, especially credit activities and other payment services.

NDO