Interviews
Vietnamese economy still faces many difficulties
19 Apr '08
2 min read
Group 2: Improving the financial system with the focus on four key areas: Raising management and financial supervision capacity in a more professional way.
Second, the State Bank of Vietnam must be reformed and developed into a modern central bank, which can meet the requirements for monetary circulation.
Third, banks must boost risk management. Finally, it is necessary to build a firm foundation for the stock market.
Group 3: Implementing policies for price stabilisation. The state has to pledge to stabilise prices in the market in macro-economic aspect. Stabilisation is not contrary to long-term growth goals. Besides, it is important to apply comprehensive measures to prevent risks for the markets.
Dr Vu Tien Loc noted that the forum helped work out many measures to deal with inflation, and particularly the import-export issues of several footwear and garment enterprises. VCCI heard businesses' opinions and would work on solutions to the urgent situation.
Second, the State Bank of Vietnam must be reformed and developed into a modern central bank, which can meet the requirements for monetary circulation.
Third, banks must boost risk management. Finally, it is necessary to build a firm foundation for the stock market.
Group 3: Implementing policies for price stabilisation. The state has to pledge to stabilise prices in the market in macro-economic aspect. Stabilisation is not contrary to long-term growth goals. Besides, it is important to apply comprehensive measures to prevent risks for the markets.
Dr Vu Tien Loc noted that the forum helped work out many measures to deal with inflation, and particularly the import-export issues of several footwear and garment enterprises. VCCI heard businesses' opinions and would work on solutions to the urgent situation.
Vietnam Chamber of Commerce and Industry
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