Ngo Dang Khoa, country director of foreign exchange and capital markets at HSBC Vietnam, has suggested three challenges that the Vietnamese economy would face in the second half of this year.

The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.

VOV.VN - Leading Russian scholars believe Vietnam’s open-door policy, coupled with its ability to come up with a long-term strategy and respond competently to the COVID-19 pandemic, has helped the local economy to stand firm amid ongoing threats.

For the time ahead, the State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy basing on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on April 22.

Credit growth will expand significantly from Quarter 2 and exceed the State Bank of Vietnam (SBV)’s target of 12% for the year as a whole if the pandemic is brought under good control and the vaccination campaign proves effective, according to insiders.

Vietnam’s economy was adversely affected by the COVID-19 pandemic in 2020, along with natural disasters and the impact of trade conflicts.

VOV.VN - Vietnamese Ambassador to the United States Ha Kim Ngoc has held a phone call this week with Ted Yoho, a member of the U.S. House, representing Florida's 3rd Congressional District, to discuss about Vietnam-US relations.

VOV.VN - Vietnam will actively cooperate with the United States to address concerns about the monetary policy and timber materials in the country, according to Deputy Prime Minister and Foreign Minister Pham Binh Minh.

The US Treasury Department’s labelling of Vietnam as a currency manipulator is groundless and certainly significantly affects the psychology of the Vietnamese business community, especially those operating in the import and export field, according to Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI).

Vietnam is working hard to build a stable and transparent investment and business environment, thus becoming a destination for international human and capital resources, so it would be unreasonable for the country to devaluate its currency, experts have said.