Nguyen Thi Hong, Deputy Governor of the State Bank of Vietnam, and Le Huu Hoang, Deputy Chairman of Khanh Hoa province People’s Committee, co-chaired the conference. (Photo: thoibaonganhang.vn) |
Nguyen Thi Hong, the Central Bank’s Deputy Governor, said Vietnam has entered a ‘new normal’ period that is focused on economic recovery.
The banking industry will continue flexible monetary, interest rate, and exchange rate policies to help credit institutions stabilize and will reduce lending interest rates to help enterprises restore production and sales.
“The banking industry will ensure sufficient capital for credit institutions. We can’t say exactly when the COVID-19 pandemic will end, so this adjustment is needed to resolve difficulties for businesses. We will keep a close watch on the pandemic and make appropriate adjustments,” said Hong.