National Assembly Chairman Vuong Dinh Hue warned that Vietnam’s economy will face growing challenges as the country’s inflation remains high and could cause prices to rise for a wide range of goods and services. The country’s central bank aims to keep its credit growth cap at 14% for 2022, ruling out speculation that the regulator will ease lending limits to boost the economy. The bank’s deputy governor said, “currently, the capital utilization ratio in commercial banks is at 100%, and if the bank lifts the credit growth limit by a few percentage points, it will affect the liquidity of the banking system and interest rates will increase”. Meanwhile, the Vietnamese dong dropped as much as 0.16% to 23,650 per USD on Friday, the lowest since at least 1993, and the central bank signaled it is willing to sell USD to stabilize the currency.