During a National Assembly meeting in Vietnam, Deputy Prime Minister Le Minh Khai addressed the mounting pressure on the country’s economy. He highlighted the rise in inflation and weak credit growth, as well as the unfavorable and unpredictable global geopolitical situations that are impacting Vietnam. Khai stressed the challenges in achieving this year’s socio-economic targets, given these circumstances.
To support this growth, 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. Despite the challenges, Vietnam remains focused on achieving a 15% credit growth target for this year. By prioritizing these policies and strategies, the government aims to navigate the economic pressures and uncertainties facing the country, ultimately driving sustainable growth and stability.
