HANOI: Vietnam in 2024 should continue to pursue a counter-cyclical financial policy, with a focus on increasing spending and maximising tax and fee exemption reduction, to support economic growth, experts say. In 2023, although there were many difficulties in promoting economic growth, the positive effects of financial and monetary policies were shown.
Specifically, the proactive and flexible monetary policy managed by the State Bank of Vietnam (SBV) contributed to controlling inflation, stabilising the macroeconomy and supporting the economy to grow by 5.05%, among the highest in the region and the world.
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