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 two
months of 2015, revealed the State Bank of Vietnam (SBV).
The central bank said the credit growth, attributable to efforts by the banking system, is a promising trend for credit activities in 2015, as the rate has traditionally shrunk during the same period in recent years.
The sector aims for 13-15 percent credit growth this year, which SBV Governor Nguyen Van Binh considers reasonable 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 annual credit growth target of 12-14 percent would be unattainable, the bank did not yield its objective and ultimately achieved 14.16 percent growth by the end of the year, he noted.-VNA
The central bank said the credit growth, attributable to efforts by the banking system, is a promising trend for credit activities in 2015, as the rate has traditionally shrunk during the same period in recent years.
The sector aims for 13-15 percent credit growth this year, which SBV Governor Nguyen Van Binh considers reasonable 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 annual credit growth target of 12-14 percent would be unattainable, the bank did not yield its objective and ultimately achieved 14.16 percent growth by the end of the year, he noted.-VNA
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