Vietnamplus

Experts expect that consumer loans will resume in the second half of 2021, thereby boosting the overall credit growth.

The Indonesian Financial Services Authority (FSA) has revised the credit growth in 2019 down to the range 8-10 percent from the range of 12-14 percent it forecast in the middle of the year.

The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25 percent and 4.25 percent, respectively, in addition to maintaining its 14 percent credit growth target for the remainder of 2019, experts forecast.

Economists have given bright outlook to Vietnamese economy, with the State Bank of Vietnam (SBV)’s credit growth target of 14 percent achievable.

The State Bank of Vietnam (SBV) has set the 2019 credit growth target equivalent to the previous year at about 14 percent, according to SBV Deputy Governor Nguyen Thi Hong.

According to the General Statistics Office, as of September 20, the banking sector’s credit growth was 9.52 percent, much lower than the 11.02 percent rate recorded a year earlier.

National Assembly (NA) deputies and voters highly evaluated answers of State Bank of Vietnam (SBV) Governor Le Minh Hung at the NA fourth session’s question and answer part on November 17.

The State Bank of Vietnam (SBV) has set a credit growth target of 18 percent for this year and it pledged to continue measures to keep credit growth suitable to the country’s economic development.