The government will follow

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The government will follow

Post  jukido on Mon Aug 22, 2011 9:34 am

The government will follow "a tight and prudent monetary policy" while "reducing public investment and... containing the trade deficit" to ensure social security and stable growth, Deputy Prime Minister Nguyen Sinh Hung told the National Assembly on Monday. After months of concern from investors and economists, strong policy action began only in February when the State Bank of Vietnam announced the country's largest currency devaluation in years, a 9.3 percent adjustment whose scale surprised experts. The government then proclaimed fighting inflation to be its number one priority, raised key interest rates and set a series of targets to help stabilise the hgh

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