(VOVWORLD) - Prime Minister Pham Minh Chinh chaired a conference in Hanoi on Thursday launching this year’s monetary policy-related tasks to tackle production and business obstacles, facilitate growth, and maintain macro-economic stability.
 Prime Minister Pham Minh Chinh speaking at the conference.
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In his address, PM Chinh said as numerous global difficulties and challenges are predicted to linger on this year, the Party, State, Government, and the Prime Minister have issued many concrete and practical directions, mechanisms, and policies to ensure the banking system’s sustainable and safe development.
But the economy is still encountering problems, shortcomings, difficulties, and challenges, Mr. Chinh said.
He stressed the need to outline specific measures to manage monetary policies to remove obstacles for production and business, control inflation, and guarantee major economic balances.
“It is necessary to keep a close watch on the international and domestic economic situation to hold flexible policy responses to improve the independence and self-reliance of the national economy,” said Mr Chinh, adding, “It’s consistent to operate monetary policy, harmonize it with fiscal policy and other policies to control inflation, stabilize the macroeconomy, and promote economic growth.”
He called for taking the initiative, being flexible, and identifying appropriate priorities for each period and time in additio to strengthening Vietnam’s capacity to analyze, forecast, and develop policies to ensure timely, flexible, and effective responses based on closely followed market developments while considering the appropriate timing for each policy and specific solution.
PM Chinh underscored the need to ensure this year’s GDP growth at 6-6.5%, with a consumer-price-index growth of between 4 and 4.5%, a rate of non-performing loans under 3%, and credit growth of 15%.