The State Bank of Vietnam (SBV) expects to keep the credit growth rate at 23% and the total liquidity in the banking system to rise as much as 24% in 2011.
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Commercial banks jointly agree to lower mobilizing rates of VND at less than 14% per year
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The central bank will manage the monetary policy in a cautious, proactive and flexible way and closely coordinate with other macro policies to contain inflation and stabilize macro-economy.
SBV plans to issue detailed regulations on the implementation of the Law on the State Bank of Vietnam and Law on Credit Organizations, aiming to create a favorable legal framework for the banking system.
The foreign currency and gold markets will be strictly monitored and the dependence of the economy on foreign currency will be lessened, according to the SBV.
Moreover, SBV will also increase the capacity of early risks warning system, and improve the transparency of the banking system in line with international standard./.