In recent months, made the Prime Minister's direction in Directive No. 18/2007/CT-TTg dated January 8, 2007 about some urgent measures to curb price increases speed to market and the writing guide make this directive; The State Bank of Vietnam has run monetary policy, credit and rates and flexibility to withdraw money from circulation, control credit growth and liquidity, not to raise prices or excessive Vietnam currency devaluation; the credit organization operations are effective, advocating and implementing the solution of currency, foreign exchange and credit of the State Bank of Vietnam. Inflation, however, complications, the available capital of credit institutions tend to decrease, making the control of liquidity trouble.

Implementation of Directive No. 23/2007/CT-TTg dated 31 October 2007 by the Prime Minister on strengthening implementation of the operating solution prices, stabilize the market in the last months of 2007 and serve Tet Mau Ty 2008 and to guarantee solvency, control of means of payment , contributing to price stability and promote economic growth in the last months of 2007 and early 2008; The Governor of the State Bank requires credit institutions and units of the State Bank of Vietnam implement a number of measures as follows: 1. for credit institutions: a) reviewing the implementation of the norms of business; combined with reviews, predictions about the situation of socio-economic development, financial markets-currency in and out of the water to make the solution ensures operations safety and efficiency.

b) enhances the available capital management, proactive balance between funding and the use of capital, ensure secure payment capabilities to fully meet the payment needs of the clients, for the salary, bonus on occasion; maintain the guaranteed rate, is the rate of pay in the national rules on the safety in operation of credit institutions issued under decision No 456/2005/QĐ-NHNN dated Jan. 19 April 2005 by the Governor of the State Bank and decision No. 03/2007/QD-NHNN dated Jan. 19, 2007 by Governor of the State Bank of the amendments and supplements to some articles of the regulations on the ratio of safety in the operation of credit institutions attached to decision No 456/2005/QĐ-NHNN.

c) tightly controlled situation fluctuates business items; balance of capital to participate in open market operations and taken seriously the solution about the currency, credit and related foreign exchange at the request of the State Bank of Vietnam.

d) taken seriously and effectively the solution specified in Directive No. 04/2007/CT-NHNN dated Jan. 28, 2007 by Governor of the State Bank of control scale, quality, credit and investment, stock trading to control inflation, promote economic growth and documents guiding the implementation of this directive; tight control credit growth consistent with the actual levels of capital increases and the ability to control credit quality; ensure the outstanding loan, discounting of valuable papers to the investment stock trading at levels below 3% of the total outstanding credit; the establishment of the branch, the diversification of business activities to the proper observance of legal regulations and the instructions of the State Bank of Vietnam.

DD) made on time and ensure the accuracy of the information, reports and telephone as defined in decision No 477/2004/QĐ-NHNN dated Jan. 28, 2004 by Governor of the State Bank on statistical reporting regime applicable to the units of the State Bank and credit institutions and decision No. 1747/2005/QĐ-NHNN dated Jan. 1 December 2005 amending and supplementing a number of articles in the statistics report mode, instruction No. 02/2007/CT-NHNN dated Jan. 20 March 2007 on strengthening of measures to improve the quality of statistical reports in the banking industry and other related documents.

2. for units of the State Bank of Vietnam: a) for units in its headquarters State Bank, according to the functions and duties, advised Governor State Bank implemented the measures:-operating credit, monetary policy and exchange rate in an active way flexible, and according to market principles; continue the withdrawal from circulation of credit restructuring votes, State Bank sold short term, buying foreign currency at the appropriate level in order to stabilise interest rates, exchange rates, rising foreign exchange reserves, State control of the speed of the payment means a reasonable level , not to raise prices or excessive Vietnam currency devaluation.

-Strengthen inspection, monitoring the observance of the provisions of the law for the business activities of credit institutions; focused inspections, monitoring the implementation of loans, discounting of valuable papers to investing, stock trading by Directive No. 04/2007/CT-NHNN; apply the appropriate remedies for violations of provisions of the law.

-Statistics, monitoring and effective management of capital inflows, in from foreign indirect investment in Vietnam, which lenders and discounting of valuable papers to investing, trading in the stock of credit institutions; in collaboration with the functional unit of the Finance Ministry building and implementing mechanisms to manage, monitor and exchange information about the stock market.

b) for State Bank branch, central cities: regular monitoring, inspection, monitoring and inspection operations of credit institutions in the province, the city; proactively report the Governor of the State Bank of the difficulties and problems of Bank operations in the province, the city and the proposed solution. 

3. Implementation: a) this directive have the effect after fifteen days from the date The report.

b) Chief, Director of monetary policy and the heads of the units of the State Bank, Director of the State Bank branch in the province, central cities; The Board and the ceo (Director) credit institutions responsible for the implementation of this directive./.