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Deputy Governor Nguyen Van Binh meets with Moody's and Fitch delegations
Deputy Governor Nguyen Van Binh met with two international rating agencies of Moody's and Fitch on April 2 and April 8. The meetings were attended by the leaders of various SBV departments, including the Monetary Policy Department, the Foreign Exchange Management, the International Cooperation Department, the Credit Department, the Banks and Non-Banks Department, the Statistics and Monetary Forecasting Department, and the Financial Supervision.
At these meetings, Deputy Governor Nguyen Van Binh briefed the guests of the Vietnamese economic situation during 2008 and early 2009; and several measures taken by the Government, ministries, agencies and the SBV in order to contain inflation, prevent economic decline, stabilize macro-economy, and secure social protection. The initial results of the implementation of VND 17,000 billion stimulus package through the interest rate support program for short-term loans for the business and productive corporate and individual borrowers were also informed by the Deputy Governor.
In addition, the Deputy Governor and representatives of the two agencies exchanged some other issues such as the management of exchange rate, credit growth rate, open market operations, equitization of commercial banks, so on and so forth in Vietnam.
Representatives of the two agencies expressed their wishes to learn more about the impact of the global economic crisis on Vietnamese economy as well as policies measures of the Vietnamese Government and the SBV to cope with the current crisis and to stimulate investment and development of the economy.
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