The State Bank of Vietnam (SBV) has issued Document No 1509, asking commercial banks to raise credit limits for a number of fuel firms, particularly those who import extra fuel at the request of the Ministry of Industry and Trade (MoIT).
Credit growth momentum is forecast to be more positive this year than in 2021 due to the State Bank of Vietnam (SBV)’s flexible management policy. The focus is to control inflation, while keeping the macro-economy stable to underpin and support economic growth.
Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.
Dozens of banks in Ho Chi Minh City have registered to provide loan packages worth 211.5 trillion VND (9.3 billion USD) and 15 million USD to support businesses in 2016.
Business
