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Banking & Finance

Financial and Montetary Council to be established

Released at: 11:13, 20/06/2016

Financial and Montetary Council to be established

Photo: VNA

39-member council will make recommendations to the government and the PM on guidelines, policies and projects.

by QuocUy

The Prime Minister has signed a decision to establish a 39-member National Financial and Monetary Policy Consultation Council to be headed by Deputy Prime Minister and Politburo member Vuong Dinh Hue, Vietnam News Agency (VNA) reported on June 19. 

State Bank of Vietnam Governor Le Minh Hung has been named as permanent Vice President of the Council while Minister of Finance Dinh Tien Dung and Chairman of the National Financial Supervisory Committee Vu Viet Ngoan will serve as the two other Vice Presidents. 

The Council has been assigned the task of discussing and making recommendations to the government and the Prime Minister regarding major guidelines, policies and projects as well as important issues in finance and monetary matters. 

It is also responsible for consulting with the government and the Prime Minister on determining finance and monetary policies and plans for specific periods and on management measures from the government to effectively implement policies and plans. It will also provide consultation on other issues relating to the implementation of financial and monetary policies. 

The Council will operate on the principle of consultation in line with its regulations, as stipulated by the Prime Minister.

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