Very quickly, the State Bank cut interest rates by 150 basis points
Responding quickly and operating flexibly, the State Bank has reduced interest rates four times in a row, a total of 150 basis points in the first six months of 2023.
Pointing out the 'impossible task' of Vietnam's economy
In the past 9 months, Vietnam's economy grew by 4.24% over the same period. This is an improvement compared to 3.72% in the first half of 2023 but only half of the growth rate of 8.85% compared to the same period in 2022.
Forecast when Vietnam's economy bottoms out
Vietnam is performing better than most countries in the world. The representative of the International Monetary Fund (IMF) has made a forecast for Vietnam's economy, especially when growth returns to a stable trajectory and begins to recover.
Vietnam's economy expected to surge 6.5% in 2023: OECD report
The Organization for Economic Cooperation and Development (OECD) predicts that Vietnam's economy will steadily grow, with a gross domestic product (GDP) of 6.5% in 2023 and 6.6% in 2024.