(VOVworld)- On Friday, the Prime Minister signed the Resolution of the government’s monthly meeting for October, which emphasized the need to ensure the stability of exchange rates and liquidity of the banking system, not to increase prices of electricity and medical services in the remaining months of this year in order to control inflation.
The government asked ministries, agencies, and localities to focus on improving the business environment and competitiveness. The State Bank of Vietnam is asked to apply flexible monetary policies to facilitate the public and enterprises to access credits, tighten control of credits, closely monitor bad debts, and ensure stable exchange rates and the liquidity of the banking system. The Ministry of Planning and Investment is asked to put in place mechanisms to further attract foreign investment, facilitate the development of small and medium sized enterprises, and create links between foreign and domestic enterprises.