Vietnam Q2 GDP growth accelerates; inflation pressure rises

HANOI - Vietnam's economic growth accelerated in the second quarter on robust exports, government data showed on Saturday, but rising inflation remained a challenge for the Southeast Asian country.

"The country's economy and society continue to face many difficulties and challenges, amid external risks and uncertainties ... achieving the growth target of 6.0-6.5% in 2024 is a big challenge, requiring the joint efforts from all forces," the GSO added. Chinh said Vietnam would stick to its flexible monetary policy, with an aim of further cutting banks' lending interest rates, reducing fees and boosting public investment.The International Monetary Fund expects Vietnam's economic growth to be close to 6% this year, supported by strong external demand, resilient foreign investment and accommodative policies, but has warned that downside risks are high.

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