Vietnam struggles to boost loans as economy faces headwinds

HANOI (Bloomberg): Vietnam’s government is racing to help businesses access loans as slowing exports continue to be a drag on the trade-reliant economy, putting at risk the nation’s growth target this year.

Vietnam’s 2023 credit growth through Aug. 9 was at 4.3%, far below the government’s full-year goal of 14%-15%, according to a government website post.