The government has asked the Ministry of Finance to propose practical, feasible, and effective measures to handle shortcomings in the corporate bond market and submit them to the Prime Minister for appraisal before June 15.

Under Resolution No. 88, which outlines the recommendations from the cabinet’s regular meeting in May, the government asked the ministry to keep a close watch on the corporate bond market, especially issuers facing difficulties in debt payments.

The government also directed the Ministry of Planning and Investment to coordinate with relevant agencies and localities to submit to the government for appraisal and issuance of a resolution on tasks and solutions to tackle difficulties in production and trade activities, stabilize the macro-economy, curb inflation, and ensure major balances in the economy.

The State Bank of Vietnam (SBV) has been requested to manage interest rates in line with macro balances, inflation, and monetary policy as well as guide credit institutions to try to cut loan interest rates to support economic recovery and promote production and trade growth.

The government also asked the SBV to continue taking measures to enhance the capacity of the economy to absorb capital.