Caution recommended after US Fed raises interest rates

Although the US Fed’s decision to raise the basic interest rate for the first time since 2018 has not had much of an impact on Vietnam, analysts say that caution is nonetheless needed, especially after the fourth quarter of this year. According to Dr. Can Van Luc, it is necessary to continue operating monetary policy proactively and flexibly when there is a change in monetary policy at major central banks around the world, coordinate the implementation of plans to increase prices of goods managed by the State (especially gasoline, electricity, health, and education, etc.), monitor and evaluate foreign debt obligations in order to give timely warnings to enterprises, and control the exchange rate and foreign exchange market actively and flexibly in order to stabilize the exchange rate and support businesses, especially those with large foreign debt.