Attending the recent patriotic emulation congress of the Ministry of Finance, Prime Minister Nguyen Xuan Phuc expressed satisfaction with the stricter fiscal policy after a prolonged period of expansion.

Prime Minister Nguyen Xuan Phuc has urges firms to prepare scenarios to ensure they can continue operation in any circumstances.

VietNamNet Bridge - It is expected that Vietnam’s GDP growth rate will be 6.1-6.3 percent this year. Under looser monetary policies, the inflation rate could increase, which would interfere with macroeconomic stability in 2016.

VietNamNet Bridge – Prime Minister Nguyen Tan Dung has asked ministries, sectors and localities to stick to the set targets of stabilising the macro economy and keeping the inflation rate equal to that of last year at about 6.8 percent.

VietNamNet Bridge – The macro economy has started showing signs of recovery with growth seen in most industries in the year’s first half, but such achievements are still fragile,

 VietNamNet Bridge – The central bank must apply an appropriate interest rate policy and control bad debts to ensure the banking system’s liquidity while taking appropriate measures to help businesses access loans,