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Vietnam: Credit rises 8.54% by July 29

  • Aug 12, 2016

Vietnam: Credit rises 8.54% by July 29

Friday, 12 August 2016 – Credit rose 8.54 per cent by July 29 against late last year while mobilised capital surged 9.94 per cent, the State Bank of Vi?t Nam reported yesterday.

At a meeting held in Hà N?i yesterday to review banking operations in H1 and outline plans for the rest months of the year, SBV deputy governor Nguy?n Th? H?ng said that liquidity of the banking system is good and becomes abundant while the inter-bank interest rate reduces as compared to the end of last year.

According to H?ng, since the beginning of this year, keeping lending interest rate steady in 2016 has been considered a tough task for the central bank due to a forecast of rising inflation. However, the central bank will try to keep the rate stable in the late months of the year in a move to support business and production. Read More?