Vietnam PM meets top local businesses amid weak bank lending

March 14, 2024

HANOI -- Vietnamese Prime Minister Pham Minh Chinh on Thursday met with the country's top businesses to discuss measures to shore up economic activity amid weak bank lending, the government said. Vietnam's economic growth largely moves in tandem with credit growth. The central bank targets a credit growth of 15% for this year. Deputy central bank governor Dao Minh Tu said at the meeting that weak global demand and inflationary pressure were among the reasons behind the weak credit growth. The central bank, which cut its policy rates four times last year, would continue to work on measures to increase businesses' accessibility to credit by further streamlining its legal frameworks and cutting banks' operation costs, Tu said.

The source of this news is from Tuoi Tre News

Featured Jobs