Hanoi (VNA) – The State Bank of Vietnam (SBV)said on October 2 that as of September 30, credit had expanded 6.09 percent ascompared with the end of 2019.
The highest pace was recorded in services, at 6.32percent, followed by construction (5.89 percent), and agro-forestry-fishery(5.09 percent), according to the central bank.
Credit has given a boost to a number of industriesthat are serving as the driving force of the national economy like the productionand distribution of electricity, gas, hot water and air conditioners; watersupply, waste and waste water management and treatment; construction; wholesaleand retail; and the maintenance of cars, motorbikes and other motor vehicles.
Amidst economic difficulties, the SBV has pledged tofully meet the capital needs of the economy and create the most favourableliquidity for commercial banks to reduce interest rates in support of theirclients.
Speaking at a press conference of the Government inHanoi on October 2, SBV Deputy Governor Dao Minh Tu said credit growth wouldreach 8-10 percent this year if the COVID-19 pandemic is well controlled andexport and production bounce back./.
VNA