Vietnam PM calls for looser monetary policies to fuel growth

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Vietnam PM calls for looser monetary policies to fuel growth
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HANOI : Vietnamese Prime Minister Pham Minh Chinh on Tuesday asked the central bank to shift from stable monetary policies to 'more flexible, loosening' ones as the manufacturing-led economy grapples with tepid growth amid a global demand downturn. Strength in the services sector helped the Southeast As

HANOI : Vietnamese Prime Minister Pham Minh Chinh on Tuesday asked the central bank to shift from stable monetary policies to"more flexible, loosening" ones as the manufacturing-led economy grapples with tepid growth amid a global demand downturn.

"The State Bank of Vietnam has already adjusted the monetary policies but needs to make more effort," Chinh said in a statement released after a government meeting.

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