ON IMPLEMENTATION OF THE MONETARY POLICY IN 2009 AND DIRECTION FOR DEVELOPMENT OF THE BANKING SYSTEM AND FINANCE MARKET IN 2010

Abstract

In early 2009 in the context of the global financial crisis and recession, the world economy experienced complicated changes and the Vietnamese economy met with a lot of difficulties, and its indicators showed deeply downward tendencies. With bold, appropriate and timely policies and joint efforts by the government, companies and the public, Vietnam could achieve main targets set by the NA: stopping the economic recession, preventing the inflation from rising higher again, maintaining the macroeconomic stability, gaining a reasonable growth rate, satisfying basic needs for social welfare and national defense, ensuring political stability and social order, and enhancing Vietnam’s position and prestige in the international arena. These achievements mean an encouraging success by the whole political system to which the banking system has its contribution.