(VOVworld) – Governor of the State Bank of Vietnam Nguyen Van Binh said last year’s socio-economic achievements were greatly attributed by the banking system.

Nguyen Van Binh, Governor of the State Bank of Vietnam

Speaking in the program “People ask, Minister answers”, Mr. Binh said the public trust to the banking system has been strengthened. The central Bank will continue to control the exchange rate between the VND and USD at 2% in 2015. The Bank’s prediction and orientation have been effective. Mr. Binh said: “Last year the central Bank bought in a large volume of foreign currencies and poured into the market an equivalent amount of VND. The bank will try to realize its commitment of not adjusting the exchange rate to strengthen the public trust and help enterprises to stick to their business plans.”
Mr. Binh said the State Bank of Vietnam will maintain the current interest rate, resolve bad debts, and monitor commercial banks in handling bad debts.