HANOI, July 8 (Xinhua) -- Vietnam's central bank will continue applying flexible monetary policies in the second half of 2025 to help achieve the country's economic growth target of at least 8 percent amid global uncertainties, local daily newspaper Nhan Dan (People) reported Tuesday.
The global economy remains uncertain due to rising geopolitical tensions and new trade barriers, which may affect exchange rates, interest rates, and monetary policy efforts, the report cited Deputy Governor of the State Bank of Vietnam Pham Thanh Ha as saying.
During the first half of 2025, the central bank kept key interest rates unchanged and asked banks to reduce costs, improve digital services, and lower lending rates to support the economy, according to the report.
By the end of June, total outstanding credit in the economy had reached over 17.2 quadrillion Vietnamese dong (approximately 658.3 billion U.S. dollars), up 9.9 percent from late 2024, with lending focused on priority sectors and business production.
The central bank will continue to work closely with other government agencies and monitor both domestic and global markets to maintain inflation control and overall economic stability, the report added. ■
