PM requests to prevent exchange rate from affecting macroeconomy

Prime Minister Pham Minh Chinh requested relevant ministries, sectors and agencies to take measures to prevent the exchange rate from affecting macroeconomy and inflation control while chairing a meeting held on May 16 to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.  

The PM emphasized that fiscal and monetary policies should be implemented proatively and flexibly. He called for a focused and prioritized approach, ensuring that fiscal policy tools are synchronized with monetary and other macroeconomic policies in a harmonious and suitable manner.

The Government leader asked for measures to create favorable conditions for credit access, simplify administrative procedures and cut the lending rates by 1-2% to stimulate production and trade. He set a target of credit growth of 5-6% right in the second quarter. 

PM Chinh required speeding up the disbursement of public investment capital and considering the issuance of bonds to mobilize resources for development.

He also asked relevant agencies to regulate and stabilize the gold market more effectively and in a timely manner.