Monetary policy in Vietnam is anchored around exchange rate stability as the intermediate target to achieve price stability. Specifically, the authorities maintain the dong closely linked to the U.S. dollar. In recent years, Vietnam’s need for  accommodative monetary conditions has coincided with exceptionally easy monetary policy in the U.S. Going forward the balancing act of maintaining a close link to the U.S. dollar and implementing monetary policy appropriate for Vietnam is going to be more difficult.

Vietnam has set goals for GDP to grow by 6.5-7 percent and inflation to be kept at around 5-7 percent in the next five years, the Ministry of Planning and Investment said.

In 2015, Viet Nam had a trade deficit of US$3.2 billion after three consecutive years of posting trade surpluses. In 2016, the trade deficit could continue and even increase because many of the free trade agreements (FTAs) coming into effect.

The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation. 

Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to have a minimum US$10 billion of assets at the end of the previous year as of February 8.

Foreign capital flowing into Viet Nam reached a record high last year, promising more economic growth but more competition for domestic companies.

The PM has signed a decision to delegate socio-economic development targets set for 2016 to eight ministries.

The State Bank of Viet Nam said on Monday its daily exchange rate, applicable the same day, aims to elevate the VND value and prevent USD hoarding.

Chief of the Communist Party of Viet Nam Central Committee’s Economic Commission Vuong Dinh Hue noted that Vietnamese economy reaped encouraging outcomes in 2015 amid global slowdown growth trend.

Dư luận vừa qua “nóng” lên với thông tin ngân sách nhà nước đối mặt với nhiều khó khăn, thu không đủ chi và cũng đặt câu hỏi về việc Thủ tướng Chính phủ chỉ đạo Tổng Công ty Đầu tư và Kinh doanh vốn Nhà nước đẩy mạnh thoái vốn các doanh nghiệp nhà nước, đặc biệt là 10 doanh nghiệp lớn. Các câu hỏi ngân sách nhà nước có bị thâm hụt hay không hay mục tiêu của thoái vốn để làm gì… sẽ được phân tích qua bài viết này.