Vietnam experts suggest looser monetary policy to counter global volatility

An economic slowdown in the second half of the first quarter due to the novel coronavirus may be the motivation for Vietnam central bank's looser monetary policy. - VNA/VNS

HANOI (Vietnam News/ANN): A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.

Banking and finance expert Nguyễn Trí Hiếu told Vietnam News that Vietnam has so far seen initial damage from the virus, with business and production declining in many industries, especially agriculture, retail, tourism and transport.