Vietnam Sees 6.5% Economic Growth Target in 2023 as Challenging
- About $4.4 billion of bonds due 3Q could pose risks: lawmaker
- Reiterates call for central bank to consider more rate cuts
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Vietnam’s economic growth target of 6.5% this year may be at risk amid a global slowdown weighing on exports, lingering crisis in the local property sector and higher interest rates hampering businesses, according to lawmakers.
This year’s forecast expansion is proving to be “challenging” after a weak gross domestic product growth in the first quarter and as the construction sector and capital markets continue to face financial difficulties, National Assembly’s head of economic committee Vu Hong Thanh said at the opening session of the parliament Monday in Hanoi.