Vietnam PM meets top local businesses amid weak bank lending

Prime Minister of Vietnam Pham Minh Chinh (left) shaking hands with New Zealand Prime Minister Christopher Luxon in Wellington, New Zealand, Monday, March 11, 2024. - AP

HANOI (Reuters): Vietnamese Prime Minister Pham Minh Chinh this week had met with the country's top businesses to discuss measures to shore up economic activity amid weak bank lending, the government said.

Vietnam's economic growth largely moves in tandem with credit growth. The central bank targets a credit growth of 15% for this year.