The participants to the meeting all agreed that the US financial crisis during the past months has caused adversities to the world’s financial and monetary markets. Việt Nam, integrating into the world economy, will surely be affected somehow.

However, the US financial crisis is not so much harmful to the Vietnamese economy as the Viêt Nam-US relations in such fields of banking, insurance and securities are not too deep, assessed Mr. Nguyễn Văn Giàu, Governor of the State Bank of Việt Nam (SBV).

Analyzing Việt Nam’s advantages, PM Nguyễn Tấn Dũng highlighted that the country is confident and strong enough to reach the set goals of stabilizing macro-economy and maintaining growth rate.

Yet, the US financial crisis warns Việt Nam to raise the transparency of its financial and credit markets, intensify supervision over commercial banks and credit organizations so as to make sure that it can respond timely to any situation, the PM noted.

The Government chief also ordered competent ministries and the SBV to give close watch to the US and the world’s financial and credit markets, and submit proper and timely solutions to ensure the safety and liquidity of the domestic banking system.

Ministries, sectors and localities must focus on implementing solutions to curtail inflation, stabilize macro-economy, ensure social security and maintain growth, the PM stressed. Monetary tightening policies must be carried out flexibly to facilitate production and business activities, he concluded.