Vietnam makes safe capital market top priority this year-Xinhua

Vietnam makes safe capital market top priority this year

Source: Xinhua| 2023-01-12 23:14:45|Editor: huaxia

HANOI, Jan. 12 (Xinhua) -- Vietnam has pledged to restructure the domestic money, corporate bonds, securities and real estate markets to ensure legitimate rights and interests of businesses and investors, according to a resolution issued recently.

The safe and sustainable development of these markets is crucial to strengthening the macroeconomic foundation and improving the autonomy of the economy, Vietnam News Agency cited the resolution on Thursday.

It is among priority tasks that the government will undertake in 2023 in efforts to stabilize the markets following a period of volatility last year, it reported.

Amid global uncertainties expected for this year, including a more intense trade war, the Ukraine-Russia conflict and continued fallouts of COVID-19, the government will introduce solutions to manage credit growth and meet capital needs of the economy to control inflation while supporting economic growth.

It will primarily focus capital on production and business fields while tightening credit control for potential risk areas.

Vietnam has set a target of 6.5 percent economic growth this year with the per capita income expected to reach 4,400 U.S. dollars and the consumer price index to be kept at around 4.5 percent.