Vietnam’s central bank is easing lending regulations to revitalize the struggling property sector and overall economy, as directed by the PM, amid fears that the country will miss its 2023 GDP growth target of 6.5%. As of August 9, credit growth stood at just 4.3%, falling significantly short of the full-year target of 14%-15%. GDP growth in Q2 2023 reached 4.14% YoY, prompting the government to aim for roughly 9% growth in H2 2023 to meet the annual objective.