State Bank of the State Expressed US Determination of Vietnam to Handle Money | Finance – Business

In this sense, the Banco del Estado reaffirmed the management of the exchange rate in recent years within the framework of general monetary policy, in order to achieve the consistent objective of controlling inflation, stabilizing the macroeconomy, and not generating advantages. unfair international commercial competition. The bilateral trade surplus with the United States and the current account surplus are the result of a series of factors related to the peculiarities of the Vietnamese economy. The recent intervention of the SBV to purchase foreign currency to ensure the proper functioning of the foreign exchange market in the context of an abundant supply of foreign currency, contributing to macroeconomic stability and strengthening foreign exchange reserves. The country is at a low level compared to other countries in the region to strengthen national monetary and financial security.

The State Bank of Vietnam will coordinate with relevant ministries and agencies to exchange and work on issues of interest to the United States in a spirit of cooperation, mutual benefit, toward harmonious public business relations. the same according to the cooperation action plan between the two countries. At the same time, the State Bank of Vietnam continues to manage monetary policy to control inflation, stabilize the macroeconomy, support economic growth reasonably, manage exchange rates flexibly, in line with macroeconomic balances. model, market evolution and monetary policy objectives, so as not to create an unfair competitive advantage in international trade.