Vietnam’s inflation continues to be kept in check
On the foundation of macroeconomic stability, the government has shifted its policy to prioritising economic growth in alignment with curbing inflation and ensuring the major balances of the economy.
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Tax cuts are one of the most powerful instruments to boost domestic consumption under the current economic conditions.
The country’s GDP grew by 4.24% in the first 9 months, exceeding the growth rate of 2.19% and 1.57% in 2020 and 2021, according to data from the General Statistics Office.
Following early signs of recovery in the second quarter, Standard Chartered Bank forecasts a comeback in Vietnam's economy in the second half of the year.
On the foundation of macroeconomic stability, the government has shifted its policy to prioritising economic growth in alignment with curbing inflation and ensuring the major balances of the economy.
The banking sector is forecast to grow slowly in 2023 due to general difficulties in the economy.
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