Deputy Prime Minister Le Minh Khai chairs the meeting of the National Financial and Monetary Policy Advisory Council. (Photo: An Dang/VNA)

Mr. Khai made the statement at Tuesday’s meeting of the National Financial and Monetary Policy Advisory Council to review Vietnam’s economic development in the first half of this year and propose future solutions.

“The State Bank of Vietnam should work with agencies to flexibly roll out monetary tools and policies in combination with suitable fiscal and macro policies to tame inflation, ensure macro-economic stability, manage credit growth, support businesses, direct commercial sectors in implementing interest rate support policies under the socio-economic recovery program, encourage credit institutions to cut operating costs and reduce lending interest rates, and speed up the restructuring of credit institutions,” according to Mr. Khai.