Credit growth reported in first two months

Vietnam recorded a 0.68 percent credit growth during the first two months of 2015, revealed the State Bank of Vietnam (SBV).
Vietnam recorded a 0.68 percent credit growth during the first twomonths of 2015, revealed the State Bank of Vietnam (SBV).

The central bank said the credit growth, attributable to efforts bythe banking system, is a promising trend for credit activities in 2015,as the rate has traditionally shrunk during the same period in recentyears.

The sector aims for 13-15 percent creditgrowth this year, which SBV Governor Nguyen Van Binh considersreasonable in comparison with other socio-economic factors and goals.

He pointed to the successful achievement of all credit growth targets set by the SBV over the past years.

In the first half of 2014, despite the prevailing fear that its annualcredit growth target of 12-14 percent would be unattainable, the bankdid not yield its objective and ultimately achieved 14.16 percent growthby the end of the year, he noted.-VNA

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