ASEAN finance and central bank leaders issue joint statement
Statement adopted at the close of the two-day 10th ASEAN Finance Ministers and Central Bank Governors Meeting in Indonesia on August 24-25.
Topic: Central Banks
Central bank required to stabilize lending rates
Bank instructed to manage monetary policy firmly, flexibly, and effectively.
PM meets bank leaders
At a meeting with leaders of commercial banks on October 16, Prime Minister Pham Minh Chinh asked them to comply with the law and strengthen their governance capacity. Vietnam’s commercial bank sector has continually grown in scale, quality, and financial capacity. Total assets at joint stock commercial banks stand at VND7.5 quadrillion ($307.15 billion) and at four State-owned commercial banks more than VND7 quadrillion (286.7 billion).