Lower interest rates will help Vietnam overcome economic difficulties in 2012, said Vu Viet Ngoan, head of the National Financial Supervisory Committee.

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Lower interest rates key to economic recovery: official

It’s possible for Vietnam to keep inflation at 9 percent this year, which is a “great opportunity” to lower both lending and deposit interest rates, said Vu Viet Ngoan, head of the National Financial Supervisory Committee.

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Vietnam banks may cut lending rates as inflation set to ease

Vietnam’s ministries are closely monitoring domestic and international markets to “timely” adjust interest rates, the country’s central bank Governor Nguyen Van Binh told lawmakers at the National Assembly in Hanoi Saturday.

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Vietnam watches international markets to ‘timely’ adjust rates

Vietnam is capable of helping banks solve their difficulties and no bankruptcy will be needed, says Vu Viet Ngoan, chairman of the National Financial Supervisory Committee.

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No bank to go under: official

Vietnam will extract VND100 trillion (US$4.76 billion) from its budget to pay its debts in 2012, according to a resolution on the 2012 estimated national budget passed on Thursday by the National Assembly.

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Vietnam to spend $4.76 bln paying debts in 2012

Vietnam’s inflation is slowing but it will still hit 19 percent by the end of the year as one of the world’s highest rates, the National Assembly ’s Economic Committee has forecast.

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Inflation set to hit 19 percent by end-2011: NA committee

The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system.

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Vietnam central bank supports merging lenders

The National Financial Supervisory Committee says Vietnam’s credit growth target should be revised down to 15 percent to ensure loans do not expand too fast in the next few months.

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Finance committee wants credit growth target reduced further

Vietnam’s dong may fall at the end of this year when companies’ dollar loans come due, the Lao Dong newspaper reported, citing Le Xuan Nghia, vice-chairman of the National Financial Supervisory Commission.

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Vietnam’s dong may fall as dollar loans mature: report

Vietnam is aiming for annual gross domestic product growth of 6.5 percent after 2012, Deputy Prime Minister Nguyen Sinh Hung said in a document released at the National Assembly in Hanoi Thursday.

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Vietnam aims for GDP growth ‘higher’ than 6.5 percent