emirates7 - The State Bank of Vietnam (SBV) has reported an 11.12% increase in credit growth as of November 22nd, compared to the end of 2023, indicating that the annual growth target of 15% is achievable.
As per the Vietnam News Agency (VNA), the SBV also announced a higher credit growth target for 2024 for credit institutions, establishing clear and transparent guidelines without any requests from financial institutions.
Earlier, the bank had permitted credit institutions that had already reached 80% of their 2024 credit growth target to raise their credit limits, based on their credit ratings, starting from August 28th.
As per the Vietnam News Agency (VNA), the SBV also announced a higher credit growth target for 2024 for credit institutions, establishing clear and transparent guidelines without any requests from financial institutions.
Earlier, the bank had permitted credit institutions that had already reached 80% of their 2024 credit growth target to raise their credit limits, based on their credit ratings, starting from August 28th.