Credit growth projected to reach 14-15% in 2023
The State Bank of Vietnam (SBV) has expected credit growth to hit 14-15% this year, leaving a possibility that it might adjust the orientation to suit the actual business situation and developments.
Illustrative image (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam (SBV) has
expected credit growth to hit 14-15% this year, leaving a possibility
that it might adjust the orientation to suit the actual business situation and
developments.Many stock companies, however, predicted in their strategic reports that the growth will be about 13%. They explained that the lending interest rate is now at a high level, affecting the borrowing capacity and making production expansion projects less feasible.
Meanwhile, credit institutions projected credit balance of the entire system to increase by just 13.7% this year.
Credit growth reached approximately 13% last year, with most of credit serving production and trade./.