Foundation for economic recovery and growth
Due to the economy's high openness, it will be tough for Vietnam to make a breakthrough in the remaining months of the year in order to meet its 6.5% growth target.
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SBV has suggested sectors and localities take more measures to remove difficulties facing small- and medium-sized enterprises (SMEs), stressing that policy solutions are needed to help businesses access capital.
The agricultural sector is anticipated to face many difficulties in 2023, especially in terms of exports.
Vietnam is expected to resume rapid economic growth over the medium-term economic outlook, and this “rising star” will be one of the fastest growing emerging markets in Asia.
Due to the economy's high openness, it will be tough for Vietnam to make a breakthrough in the remaining months of the year in order to meet its 6.5% growth target.
Though deposit interest rates have decreased, lending interest rates are still high due to policy lag.
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Import-export turnover exceeds US$316 billion in January-June
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Inflation under pressure due to rising consumption and public ...