State Bank of Vietnam seeks to rein in credit growth
Target of 17% credit growth this year to contain risks
The State Bank of Vietnam is directing banks to prioritise loans to “production and business activities”, as it lowers this year’s credit growth target in a bid to improve lending quality.
On January 23, the SBV issued a document asking lenders to “restructure their credits toward prioritising the capital for production and business activities” and to “limit concentration of credit” to the real estate and construction sectors.
The central bank says the order is designed to “ensure a prudent
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