Results from the half of this year show Việt Nam’s economy maintains an impressive growth momentum. However, despite the promising economic prospects this year, the economy still faced many challenges.
Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
Although the direction of foreign capital inflow is becoming increasingly unpredictable due to many external factors, experts say that Việt Nam is still an attractive destination for foreign investors.
The State Bank of Việt Nam (SBV)’s exchange rate policy was aimed at ensuring macroeconomic stability, not just export growth, said Nguyễn Thị Hồng, the bank’s deputy governor.
Driving forces for Vietnam’s economic growth need to be maintained not only in 2018, but also in the years to come, Prime Minister Nguyễn Xuân Phúc said at Government’s regular meeting yesterday.
The daily reference exchange rate was adjusted up again on this morning, rising VNĐ10 from the previous day to VNĐ22,669 per US dollar.
The consumer price index (CPI) dropped by 0.09 per cent in July from the previous month, the General Statistics Office (GSO) reported on Sunday.