Major success of monetary policy in 2016

Abstract

Since early 2016, the Governor of the State Bank of Vietnam has issued Directive No. 01/ CT-NHNN on the
implementation of monetary policy and bank guarantee safe operation and efficiency. According to this directive, the
overall objectives and tasks of monetary policy in 2016. Although there is no breakthrough, 2016 was a successful year
in running of monetary policy when the central bank to achieve its objectives since the beginning of the year. These
are:(1) To maintain a low inflation rate below 5%, supporting economic growth;(2) Achieve the target growth rate
of the total of payment and credit growth; (3) The interest rate continues to decline slightly; (4) Complete the goal of
bringing the bad debt ratio to below 3%; (5) To keep the exchange rate relatively stable