At the signing ceremony. (Photo: Trung Hieu/VOV)

The regulations aim to standardize the process and shorten the time for buying and selling foreign currencies between the State budget and State foreign exchange reserves.

Finance Minister Ho Duc Phoc underscored the need for the two agencies to work closely to ensure sustainable national economic growth.

Nguyen Ba Khang, Deputy Director of the Information Center of the National Financial Supervisory Commission, said increased coordination in fiscal and monetary policy will reduce inflation pressure this year.

"The important task now is to work more closely together to coordinate monetary, fiscal, and related policies to keep inflation within the target. We need to improve efficiency in managing the money supply and interest rates, and stabilizing prices,” said Khang.