State bank of Vietnam - Binh Duong Branch to tighten up monetary policy

State bank of Vietnam – Binh Duong Branch has just reviewed its activities in the first 6 months of 2011 under Resolution No. 11/NQ-CP and Directive No. 01/CT-NHNN. The reviewing conference focuses on analyzing and evaluating results of reaching VND 45,884 billion of deposits and VND 46,631 billion of accounts balance together with credit supporting agriculture and economic programs. The foreign exchange is under control as banks have stabilized foreign demands of individuals, and enterprises..

Directo Bui Van Nu has pressed that credit institutions must balance capital and credit source to minimize bad debts. The bank will flexibly tighten up monetary policy monitoring branches before proposing to government for effective policies.

Reported by Thanh Hong – Translated by Vi Bao

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