ADB supports Vietnam’s solutions to curb inflation
Hanoi (VNA) – Asian Development Bank (ADB) President Haruhiko Kuroda highly appreciated the Vietnamese Government’s eight groups of solutions to curb inflation, saying ADB supports Vietnam’s current mechanism of government-controlled interest rates.
The ADB leader made the recommendation during his meeting with the Governor of the State Bank of Vietnam (SBV), Nguyen Van Giau, in Hanoi on July 2 after attending the two-day Emerging Market Forum.
He suggested Vietnam to combine monetary policies with financial policies and price control in order to effectively tame the inflation.
Vietnam would success in curbing inflation if its government continued implementing the solutions, Kuroda said.
Governor Giau appreciated ADB’s support and pledged to use effectively ADB’s capital for projects in Vietnam.
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