Economists and policymakers discussed current global developments and how they are affecting Viet Nam’s financial system at a conference in HCM City.

At ‘Reshaping the global financial system and Viet Nam's strategy’ on Friday, Dr Can Van Luc, a member of the National Financial and Monetary Policy Advisory Council, described the country’s financial market resilience as "average" and suggested a number of solutions.

“This year we need to attach special importance to stabilising the economy, especially the stock and property markets.”

He also underscored the need to make the economy transparent and develop institutions needed to manage a digital economy and digital banking.

Along with the successes in controlling COVID-19, recovery and economic development, the financial system too has achieved remarkable results.

Delegates said Viet Nam should recognise that macro-economic stability is a way to stabilise its financial situation with help of the state economy and the collective economy. — VNS