Vietnam to pay attention to monetary policy after US report: c.bank official

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An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy

 

Vietnam will pay more attention to its monetary policy as it is not only a domestic matter but a concern for the country's big trade partners, a central bank deputy governor said on Sunday, days after the U.S. Treasury's semi-annual currency report.

 

The U.S. Treasury report on Friday said that Vietnam exceeded its trade surplus, current account and foreign exchange intervention thresholds, but was "satisfied with progress made by Vietnam to date" on addressing exchange-rate issues.

 

Speaking at an economic forum, Pham Thanh Ha, deputy central bank governor, said the bank had taken the issues seriously and its monetary policy towards them had been implemented effectively.

 

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