SBV to continue with measures in monetary policy during 2022

On the basis of the National Assembly and the government’s goals in the socio-economic development plan for 2022 and closely following macro-economic and monetary developments, Deputy State Bank of Vietnam (SBV) Governor Dao Minh Tu said the central bank will continue to conduct monetary policy under five basic orientations. Firstly, managing interest rates in line with the macro balance, inflation, and market movements. Secondly, flexibly managing the exchange rate in accordance with domestic and foreign markets. Thirdly, controlling inflation and supporting economic growth recovery. Fourthly, restructuring credit institutions associated with bad debt settlement. And fifthly, promoting digital transformation and non-cash payments.