SBV moves to address pandemic impact

The State Bank of Vietnam (SBV) has proposed eight solutions for the second half of 2021 as Covid-19 continues to make its presence felt. Notable points include conducting flexible monetary policy, maintaining liquidity in the banking system, synchronizing monetary, credit, and liquidity solutions to support economic recovery, managing interest rates in line with the macro balance, inflation, and market movements to reduce customer repayments, insisting businesses use telecommunications accounts to pay for goods and services of small value (Mobile-Money), and implementing the plan for the digital transformation of the banking sector to 2025 with an orientation to 2030.