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You are here: Home / Vietnam advised to tighten monetary policies

Vietnam advised to tighten monetary policies

July 13, 2018 by vietnamnet Leave a Comment

VietNamNet Bridge – Fitch Ratings has advised Vietnam to gradually tighten monetary policies to stabilize the macro economy and have an opportunity for investment level upgrading. Vietnam has been advised to tighten monetary policy Prior to that, HSBC, ANZ and IMF also recommended Vietnam tighten monetary policies. The monetary policy loosening has pushed the prices of some assets and investment items up in the last three years. The stock market has been increasing more rapidly since 2016, while the real estate market has heated up since early 2017. Analysts all believe that it is now time to tighten monetary policies, especially when other economies, from developed to emerging, all have raised their prime interest rates. The US FED plans an interest rate increase this year after it did this three times in 2017. RELATED NEWS Vietnam economy runs on loans: economist Vietnamese put gold, dollars in investment and business production Kim Mai




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