Banking sector ensures safety, efficiency
During a press conference in Hanoi on January 4, the State Bank of Vietnam (SBV) announced its major achievements last year, including appropriate supply of cash to stabilize interest rates, control of inflation below 5% and safe expansion of credit.
The exchange rate and foreign exchange market in 2016 stayed stable despite pressure from unpredictable fluctuations in the global market. The bank also asked credit organisations to balance capitals, stablise deposit interest rates, reduce costs and improve operational efficiency, she added.
Statistics and forecast quality will be improved to stabilize the market, ensure affluent liquidity and appropriate foreign exchange policy.
The bank sector aims for a credit growth of 18% and total payment instruments of 16-18%.