The directive, issued on August 1, addresses challenges facing the real estate market and support economic growth. It includes measures to boost economic growth through making available various credit packages. These include accelerating the disbursement of a VND40 trillion credit support program with reduced interest rates, a VND120 trillion package for social housing loans, and a VND15 trillion package for the forestry and fishery sectors. The Government aims to maintain a balanced approach between interest rates and exchange rates, as well as between inflation and growth, to stabilize the macroeconomy, control inflation, and address production and business constraints. The Government will also focus on providing practical solutions to stimulate economic growth, while adhering to relevant regulations.

Source: VietNamNet News August 02, 2023 15:40 UTC