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Section: Business News - Prime Minister Nguyen Tan Dung has asked the State Bank of Vietnam (SBV) to continue implementing flexible monetary policies in order to fulfil its set targets.
While working with the SBV leaders in Hanoi on April 20, the Government leader suggested that the SBV continue implementing negotiable interest rates and strive to reduce the mobilising interest rate to about 10 percent and the lending interest rate to 12-13 percent per year, helping encourage exports and reduce the trade deficit.
State-owned commercial banks must play a key role in capital mobilisation and lending, he added.
The PM noted that the SBV should continue …