{"id":19729,"date":"2023-07-05T11:24:40","date_gmt":"2023-07-05T04:24:40","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&p=19729"},"modified":"2023-07-05T11:24:40","modified_gmt":"2023-07-05T04:24:40","slug":"gtjas-vietnam_macro-report_1h-look-back-and-2h-outlook","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjas-vietnam_macro-report_1h-look-back-and-2h-outlook\/","title":{"rendered":"GTJAS Vietnam_Macro report_1H look back and 2H Outlook"},"content":{"rendered":"

Despite the efforts of the operators to stimulate investment and domestic consumption, there are still certain obstacles. For example, interest rate supporting packages have not had a great impact, although interest rate conditions have been more favorable with 3 reductions in interest rates since the beginning of the year, but the credit growth rate has only reached over 3% in the first 6 months of the year (in the same period last year, it increased by 8.5%).<\/span><\/p>\n

We still have bright and dark colors intertwined in the economic picture of Vietnam. With current policies and advantages, Vietnam is still an ideal destination for foreign investment flows besides the young population structure, and accelerated domestic consumption. However, a lower-than-expected growth rate in the context of a weakening global economy is inevitable. Therefore, we believe that the economic growth target of 6.5% for the whole year is not feasible.<\/strong><\/span><\/p>\n

Let’s take a look at the factors affecting the economic outlook in the second half of the year:<\/em><\/span><\/p>\n

Positive factors<\/strong>: <\/strong><\/span><\/p>\n