WB compliments Vietnam’s monetary policy

At a meeting with the State Bank of Vietnam (SBV), Ms. Carolyn Turk, Country Director of the World Bank (WB) in Vietnam, expressed her appreciation of the central bank’s proactive and flexible monetary policy and stable exchange rate operations, which create confidence among domestic and foreign investors. Vietnam’s inflation rate was controlled at below 4 per cent in 2021, contributing to macro-economic stability. In the time to come, the SBV will focus on perfecting the legal framework, reviewing and amending the Law on State Banks, the Law on Credit Institutions, and the Law on the Prevention and Combat of Money Laundering, and implementing the national strategy on comprehensive finance and digital transformation and green growth in the banking sector.