Topic: stabilize

Under a recently-issued government Resolution, the State Bank of Vietnam needs to implement prudent and firm monetary policy, ensuring the flexibility to control inflation and stabilize the macroeconomy. In particular, it should be ready to sell foreign currencies when necessary to intervene and stabilize the market.

The Ministry of Finance (MoF) has issued Official Letter No. 7955/BTC-QLG to ministries, branches, people’s committees of cities and provinces, and corporations proposing that price management and stabilization be strengthened. Tasks proposed to be implemented include balancing the supply and demand of goods and services and actively advising authorities on stabilization.

The Ministry of Finance (MoF) has proposed six solutions to develop the stock market in a transparent and sustainable manner, including reviewing and amending the legal framework to enhance information transparency; strictly managing the activities of securities companies; amending regulations on corporate bond issuance conditions; and promoting equitization of and divestment by State-owned enterprises associated with listing on the stock market.