The Vietnamese government will gradually lower interest rates to promote economic recovery, especially after it ends stimulus measures that have subsidized borrowing rates, Prime Minister Nguyen Tan Dung said Thursday.

“We will actively and step-by-step lower interest rate levels in order to serve economic growth, especially after the state lowers and finishes economic stimulus measures,” Dung said in a speech to parliament.

Dung also said the government would manage the exchange rate regime more flexibly, although he did not give details.

Source: Reuters