By Khanh Vu3 Min ReadHANOI (Reuters) – Vietnam will stick with its goal to maintain inflation below management and guarantee macroeconomic stability, Prime Minister Pham Minh Chinh stated on Saturday, because the economic system faces contemporary challenges.FILE PHOTO: Southeast Asian Games – Closing Ceremony – Hanoi Indoor Games Gymnasium, Hanoi, Vietnam – May 23, 2022 Vietnam Prime Minister Pham Minh Chinh speaks through the closing ceremony REUTERS/Chalinee ThirasupaThe Southeast Asian economic system has rebounded from the COVID-19 pandemic, however has lately confronted quite a few challenges, with weakening international demand and a strengthening U.S. greenback.The central financial institution has this yr raised its coverage charges by a mixed 200 foundation factors and allowed the dong forex to weaken towards greenback.Vietnam’s inventory market has fallen by greater than 20% whereas the dong forex has misplaced 6% towards greenback over the previous three months.“It’s getting more difficult to manage the macro economy,” Chinh stated. “We need to stay vigilant (against risks) but we won’t get panic.”Vietnam’s gross home product is anticipated to develop 8% this yr, sooner than an enlargement of two.58% final yr. The nation targets to cap inflation at 4% this yr.Chinh stated the nation will proceed to “pursue an active, prudent, flexible and sturdy monetary policy in harmony coordination with fiscal policy and other policies, without abrupt changes”.“The bond and stock markets now bear risks after a period of strong growth, with businesses having high demand for capital for production while banks’ credit is tight,” Chinh instructed parliament, including that the actual property market is dealing with liquidity issues.Vietnam’s central financial institution held emergency conferences this week with industrial banks to debate liquidity within the system, as lenders face stress from tightening credit score circumstances and better rates of interest.Chinh stated the federal government will take measures to make sure that the monetary and actual property markets function in a extra clear and efficient method.“The government will propose amendments to securities and enterprise laws and related regulations,” Chinh stated.Chinh stated the authorities have been gradual in responding to a gas provide crunch that has left a whole bunch of petrol stations having shut or restricted gross sales in current weeks, citing monetary difficulties and tight home provides.He stated Vietnam will contemplate elevating the nationwide gas storage capability and home gas manufacturing to keep away from future gas shortages.Reporting by Khanh Vu; Editing by William Mallard and Michael PerryOur Standards: The Thomson Reuters Trust Principles.