Vietnam Macro Monitoring, August 2023

• Ngôn ngữ: eng
• Ký hiệu phân loại: 378.59 Higher education
• Thông tin xuất bản: World Bank, Washington, DC, 2023
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 313780
• Chủ đề: 1. CONSUMER PRICE INDEX GROWTH; 2. CURRENT EXPORTS; 3. IMPORT DATA; 4. INDUSTRIAL PRODUCTION INDEX; 5. RETAIL SALES

Tóm tắt

This brief discusses the economic development of Vietnam for August 2023. While the export slump may have bottomed out, and domestic consumption remained resilient, credit growth continued to be slow, reflecting weak private domestic investment and investors' confidence. Recent upward movements in global energy prices warrants close monitoring of CPI inflation. This may also prevent SBV from loosening monetary policy further. The continuation of tight global financial conditions warrants flexible FX management to accommodate external conditions. Further acceleration of public investment disbursement could support aggregate demand and economic growth in the short run while focusing on priority green and resilient infrastructure and human capital investments will help bolster long term economic development.