The Vietnamese Government will prioritize dealing with weak credit institutions and promoting restructuring to improve the operational efficiency of monetary, securities, corporate bond, and real estate markets this year.

This is part of Resolution No. 01 on the socio-economic development plan issued recently by Prime Minister Pham Minh Chinh.

The Resolution states that the global situation is forecast to continue to be complex with fiercer economic and trade competition. The Russia - Ukraine conflict is also likely to continue.

Vietnam is predicted to still face difficulties such as inflationary pressure, high interest rates, foreign exchange pressure, and lower global demand for exports.

In this context, the government has outlined eleven tasks and solutions, with priority given to maintaining macro-economic stability, controlling inflation, and promoting growth.

Regarding monetary policy, the government will continue to run policy synchronously and tightly in harmony with fiscal policy and others, stabilize the currency and forex markets, and improve resilience and ensure stability in the banking and financial system in all situations.

The government has requested that focus be placed on strengthening macro-economic foundations and improving internal capacity and the autonomy of the economy, with a focus on the stable and safe development of monetary, stock, corporate bond, and real estate markets to protect the lawful and legitimate rights and interests of enterprises, investors, and individuals.