Several measures have been suggested at an online seminar held by the Government Portal on May 28 to help the corporate bond market maintain its stability and operate in line with the law to aid economic growth.
HCMC’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9 percent compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Vietnam's lending interest rates are higher than many countries in the world, while last year, Vietnam was one of the countries with the lowest inflation level. This paradox needs to be explained to find solutions to ease the burden on businesses.
Prime Minister Pham Minh Chinh has assigned urgent tasks to particular ministries and agencies to deal with current economic difficulties in the new situation during a Government law-building session on September 22.
If Vietnam still maintains macroeconomic stability as well as keeps inflation under control, capital market plus money market are basically stable without major changes in the third quarter, the country’s GDP growth rate is expected to reach more than 7 percent.
Deputy Prime Minister Le Minh Khai yesterday chaired a meeting with related ministries and state units about price control for essential commodities (fuel, construction materials, shipping fee, raw materials of agricultural production, equipment in the educational, medical fields).
The US Department of the Treasury has recognized the progress made by Vietnam in its recently released report on macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Vietnam (SBV) said on June 13.
Vietnamese gov’t plans to keep 2022’s monetary and fiscal policies as lax as as part of the Socio-Economic Development Strategy for the 2021-2030 period in 2022, with a GDP growth target of 6-6.5 percent and inflation control below 4 percent.
The worldwide spread of the Covid-19 pandemic has created extremely serious conditions across the globe. Many countries are now being compelled to use fiscal policy aggressively in order to support businesses and their populations. In the past, monetary policy has also been used in coordination with fiscal policy to help economies from falling into a recession. This could apply for Vietnam as well.
Many commercial banks have now extended their credit growth limit for 2021. This could be the best solution offered by the State Bank of Vietnam because currently monetary policies do not have much room and the brunt of reducing lending interest rates is falling on the economy.