Credit growth limits still appropriate in current Vietnam context: lawyer

Credit growth limits still appropriate in current Vietnam context: lawyer

Applying credit growth limits is necessary in Vietnam as businesses and the economy still rely too much on bank credit, said lawyer Truong Thanh Duc, CEO of ANVI law firm.

Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7

Banks should continue reducing interest rates: central bank governor

Banks should continue reducing interest rates: central bank governor

Banks should continue cutting costs in order to reduce interest rates, Governor Nguyen Thi Hong of the State Bank of Vietnam said at the government’s Thursday meeting on boosting credit growth for the economy.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Credit expansion limit raised by 1.5-2 percentage points

Credit expansion limit raised by 1.5-2 percentage points

The State Bank of Vietnam raised its credit growth cap for the country's banking system by 1.5-2 percentage points on Monday to 15.5-16%, citing external impacts have abated while bank liquidity improved.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

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