According to data from the State Bank of Vietnam (SBV), credit growth across the economy has been negative for two consecutive months, putting pressure on the GDP growth target of 6-6.5 per cent for 2024, especially in the context of declining domestic aggregate demand, fluctuations in monetary policy in many regions, and major economies continuing to face complexities. To reduce the negative impacts, at a conference chaired by the Prime Minister last week, many businesses called for stable exchange rates and interest rates and other supportive policies. Accordingly, the Prime Minister directed the SBV to closely monitor the global and domestic situation to operate monetary policy proactively, flexibly, promptly, and effectively, especially the harmonious and reasonable management of interest rates and exchange rates. Credit institutions, meanwhile, were asked to promote the pioneering and exemplary role of State credit institutions. For relevant ministries and branches, he proposed operating fiscal policy in synchronous coordination with monetary policy, creating more favorable conditions for the investment and business activities of businesses and individuals.