Seminar highlights role of monetary market

The monetary market plays a key role in ensuring the liquidity of the economy, having a direct effect on monetary demand and supply and market interest rates, thus helping the central bank to effectively implement national monetary policy.

Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Dong Tien made this statement at a seminar on the implementation of the monetary market during 2009, which took place in Hanoi on February 18.

In 2009, the deputy governor said, SBV plans to conduct a thorough review of the regulations and processes that govern the operation of the monetary market in order to better support the country’s credit institutions.

According to the SBV’s end-of-year report, last year’s total lending increased by 21-22 percent compared to 2007. The amount of credit capital that flowed into the private sector increased by 35-37 percent, the state sector by 12-14 percent, exports by 35-37 percent, production by 34-36 percent and agriculture and the rural sector by 30 percent.

VOV, Vietnamplus

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