Credit institutions undergo drastic restructuringThe banking industry is drastically restructuring credit institutions (CIs) in combination with bad debt settlement to ensure their safe, healthy and sustained growth. The central bank has so far approved the restructuring plans of most banks. At the forum, experts praised SBV’s handling of monetary management policy in recent years, noting it had helped stabilise the macroeconomy, support economic growth, and create confidence among investors. The experts suggested the central bank continue to apply the current stable and flexible monetary management policy as it was suitable and effective. According to Nguyen Xuan Thanh, director of Fulbright University Vietnam, the monetary management policy is operating so well that the central bank should not loosen it.

Source: VietNamNet News May 09, 2018 01:30 UTC