Economy News Vietnam

Vietnam Eyes Another Rate Cut

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Vietnamese lawmakers are urging the central bank to consider cutting policy rates further to support the economy and help it reach its 2023 economic growth target.

Vietnam’s growth slowed from 5.92% in late 2022 to 3.32% in the first quarter of 2023, prompting the State Bank of Vietnam (SBV) to cut its benchmark rates twice this year.

The country’s GDP growth target for this year is 6.5%.

Read the story HERE.

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