PM wants early-warning system for macro-economic risks

04:34' PM - Thursday, 08/03/2018

Prime Minister Nguyen Xuan Phuc on March 6 asked the National Financial Supervisory Commission to rapidly submit a plan to develop an early-warning system for macro-economic and financial risks.

At a ceremony to mark the 10th birthday of the National Financial Supervisory Commission, PM Phuc hailed the achievements of the commission in helping the Government keep inflation under control and maintain macro-economic stability.

Given unpredictable global conditions and flaws of the domestic economy, responsibilities of agencies including the commission are heavy, Phuc said.

The financial market should be developed to be more competitive and become a solid foundation for fast and sustainable growth of the economy.

The commission will continue consulting the Government about solutions to promote socio-economic development, especially the macro-economy and the financial market.

PM Phuc stressed that the commission should get ready for proposing solutions to changes of the domestic and international economies, and the stability of commercial banks, and the stock and real estate markets.

The commission was also assigned to coordinate with ministries and supervision agencies to review and create a clear legal framework for financial groups and mechanisms to monitor such groups. The Government leader highlighted the importance of the mission, saying it significantly affects operations of the finance-banking system and the economy as a whole. - SGT -

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