Deputy PM hails advisory role of National Financial and Monetary Policy Advisory Council

10:20 | 14/01/2019 Finance - Banking

Deputy Prime Minister Vuong Dinh Hue cum head of the National Financial and Monetary Policy Advisory Council hailed the council for providing effective consultancy for the Government to reach positive economic results in 2018.

Deputy PM Vuong Dinh Hue speaks at the meeting in Da Nang - Photo: VGP

The Deputy PM made the remarks at the meeting of the council in Da Nang on January 12, to review the operation of macroeconomic policies in 2018 and make recommendations to the Government for 2019.

Deputy PM Hue acknowledged the suggestions from the council for the Government operations in 2019, adding that the Government is actively building a legal framework to implement these suggestions, including the development of the digital economy, sharing economy, intermediary payments, and others.

The Government official also ordered the council members to contribute their knowledge and assist the Government in building a socio-economic development strategy in the next 10 years, which considers science and technology as a driving force for economic development.

Despite fluctuations in the world economy in 2018, the domestic economy proved its resistance with outstanding achievements, fulfilling and surpassing all 12 targets set by the National Assembly.

The council members also spoke highly of the direction and operation of the Government in 2018, while expressing their belief that the national economy would have many opportunities for further development in 2019.

The council proposed that the Government continues to consolidate both the microeconomy and macroeconomy to create a “buffer zone” for the economy and enterprises to resist impacts from the outside.

The Government should pay more attention to controlling budget overspending and public debts as well as renewing the mechanism of budget collection and spending.

Theo NDO