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Ho Chi Minh City
Tuesday, September 26, 2023

Credit stagnation

By Trinh Duy Viet

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At the Government’s regular monthly meeting held on August 5, Prime Minister Pham Minh Chinh stressed that the economic growth target for 2023 would be kept unchanged. Credit growth is seen as the driving force behind economic growth, but the slow tempo in the year’s first half is cause for concern. In the year’s first half, the gross domestic product (GDP) growth was 3.72%. If the growth target of 6.5% for 2023 is to be attained, the GDP growth rate in the second half must be elevated to some 9%. […]
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