Can Vietnam grow by 10%?

Vietnam is set to remain one of Asia’s fastest-growing economies over the rest of the decade. The government could probably push growth towards its target of 10% between now and 2030 by further loosening fiscal and monetary policy, but doing so would come at the cost of greater macroeconomic and financial vulnerabilities. Given the lessons from previous domestic banking and property crises, we doubt policymakers will be willing to take those risks.