Economy under increased pressure, says Reuters

During a National Assembly meeting in Vietnam, Deputy Prime Minister Le Minh Khai addressed the challenges facing the country’s economy. He highlighted the rise in inflation and weak credit growth, as well as the unfavorable global geopolitical situations that are impacting Vietnam. Khai stressed the importance of achieving this year’s socio-economic targets despite these circumstances.

To support economic growth, which is aimed to be between 6.0%-6.5% this year, Khai emphasized the government’s commitment to maintaining policies that aid economic development. This includes reducing loan interest rates, restructuring loans for struggling businesses, and increasing public investment to stimulate growth.

Vietnam remains focused on achieving its goal of 15% credit growth target for this year by prioritizing these policies and strategies. By doing so, the government aims to navigate the economic pressures and uncertainties facing the country, ultimately driving sustainable growth and stability.

By Aiden Johnson

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