As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.
Vietnam’s GDP growth this year may be over 6.5% if high global inflation can be harnessed, the roadmap of the US Federal Reserve (Fed)’s interest rate raises is on schedule and economies worldwide are fully open.