PM asks for early risk warning system for financial market
(VOVWORLD) -Prime Minister Nguyen Xuan Phuc has urged the National Financial Supervisory Commission to thoroughly review risks incurred by the financial, banking, securities, and real estate sectors and to recommend proper solutions.
 PM Nguyen Xuan Phuc addresses the 10th anniversary of the National Financial Supervisory Commission in Hanoi on March 6, 2018. |
Mr Phuc made the request at a ceremony marking the Commission’s 10th anniversary in Hanoi on Tuesday.
“Measures to stabilize the financial and monetary system, restructure credit organizations and settling bad debts must be taken in a more timely fashion. International standards and norms should be observed extensively,” he noted.
Prime Minister Phuc asked the Commission to consider an early financial warning system which has proved effective in many countries.