Vietnam News Agency spoke to Le Xuan Nghia, a member of the National Financial and Monetary Advisory Council, about how to accelerate the programme progress but still ensure the legitimate beneficiaries and avoid policy profiteering.
The State Bank of Viet Nam (SBV) is determined to maintain the strength
of the Vietnamese dong, while speeding reforms to the nation''s economic
system and resolving troubled loans.
Shares and bank deposits are seen as being safe investments in 2014,
said banking and financial experts during an online-investment forum
hosted by BizLive.
The task to reduce non-performing loans (NPLs) and increase charter
capital as well as complete basic ownership structure of weak credit
institutions would be given priority in the period of 2013-14.
Bank shares are losing their attraction due to low profits caused by increasing bad debt in many lending institutions. Although shares listed remain stable, it is not easy for them to rise in the sluggish market.
The Viet Nam Asset Management Company (VAMC) will be established later
this month, said member of the National Financial and Monetary Policy
Advisory Council Le Xuan Nghia.