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Vietnam: Central bank brace for rocky road in 2009.
Section: Economy - Ensuring the security of the financial system and controlling inflation were among the top achievements of the State Bank of Vietnam in 2008 and are the foundation for attempts to prevent recession in 2009. State Bank Governor Nguyen Van Giau spoke to Vietnam News reporter Ha Phuong about the banking market and expectations for the new year.
What were the rationales for monetary policy in 2008? In 2008, the global economy experienced unpredictable turbulence. During the first months of the year, prices elevated to high levels. Then, in mid-September, the financial crisis broke in the US then spread widely, with impacts inevitable to Vietnam.
To deal with the situation, the central …
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