Vietnam’s banks have too much cash
Abundant cash is meant to support markets, but large cash flows have not yet reached businesses.
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Although the socio-economic situation in the second quarter of 2023 had some positive signs, GDP growth in the first 6 months did not meet expectations due to many difficulties and challenges.
It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors.
Export value of fruits and vegetables is likely to reach $5 billion this year, according to the Viet Nam Fruits and Vegetables Association.
Abundant cash is meant to support markets, but large cash flows have not yet reached businesses.
The Party and State place high expectations on science, technology and innovation, considering this a “Breakthrough Strategy” and the “main motivation” to create breakthroughs in productivity, quality, efficiency and economy's competitiveness.
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