Vietnam PM Seeks Looser Policy Settings to Spur Slowing Economy
- Premier calls a second time this week for pro-growth policies
- Central bank has delivered four rounds of rate cuts this year
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Vietnam’s Prime Minister Pham Minh Chinh has doubled down on his calls for a “more flexible” monetary policy to support businesses as the government worries it may miss this year’s economic growth target.
The PM reiterated his calls Friday for the State Bank of Vietnam, the second time this week he asked the central bank to loosen policy settings to help ramp up economic activity. The premier sought policies that would boost money supply, encourage credit, reduce borrowing costs, according to a post on the government website.