Vietnam’s 2015 credit growth expected to be 13-15%
(VOVworld) – The State Bank of Vietnam predicts that Vietnam’s 2015 credit growth will be 13-15%. The prediction was released by Deputy governor Nguyen Thi Hong at the Bank’s monthly press briefing in Hanoi on Tuesday.
Hong said that by December 19, Vietnam’s credit growth in 2014 reached 11.8%, very close to the set target of 12-14%. The exchange rate and the foreign currency market have remained stable and the demand for foreign currencies has been met. Hong said that in 2015 the State Bank of Vietnam will continue to adjust exchange and interest rates to match developments around the macro-economy, the money market, and inflation to protect the value of the Vietnamese dong. It will also step up the handling of bad debts and the restructuring of credit organizations while coordinating other macro policies.