* Measures to control inflation, but the central bank has done:
Before the high inflation seriously affected the lives of the people, the central bank has taken measures to tighten monetary wishing quickly bring only Consumer prices dropped, including: increasing compulsory reserves (reserve requirement) 2 times from 5% -10% -11% for VND and from 8% -10% -11% for foreign currency and simultaneously open broad term to perform the required reserve deposits from <24 months of all maturities; Increase all basic interest rate from 8.25% -8.75%, the refinancing interest rate from 6.5% -7.5%, the rediscount rate from 4.5% to 6%; constantly sucking money on the open market; NHNN issued compulsory bills over 20 trillion starting from 19/3/2008 to 12-month term, 7.58% interest rate; Continue to perform 50 trillion transferred from Treasury deposits of State Bank; In the fourth quarter / 2007, the central bank implemented to minimize foreign currency purchase on the interbank market to limit the total payment means increased; Tighten securities lending at 3% / total loans, then continue to control the investment of securities lending must not exceed 20% of charter capital, and increase the risk factor for investment loans stock from 150% to 250% according to Decision dated 1/2/2008 of SB 03.
Implementation of capital support for commercial banks to ensure solvency.
Continue to buy foreign currency from investors on the basis of supply has been approved by the government on the one hand to supplement the state foreign exchange reserves, on the other hand to meet the capital for enterprise import and export business.
Continued exchange rate between currencies Vietnam, in particular the US dollar and currencies in general towards the target balance imports and exports, domestic production and trade deficits; expand the trading band of the exchange rate to ± 2%.
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