• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Credit growth shows positive signs

VGP – As of May 25, credit growth expanded 6.53%, higher than the rate of 5% in the same period in 2016 and 4% in 2015. The figure showed positive signs amidst unfavorable economic context and slow public investment disbursement, said a senior official.

June 05, 2017 5:01 PM GMT+7

Deputy Governor of the State Bank of Viet Nam Nguyen Thi Hong (center) at the press conference, June 5, 2017 - Photo: VGP/Huy Thang

Deputy Governor of the State Bank of Viet Nam Nguyen Thi Hong made the announcement at a press briefing on management of the monetary policy and the banking system in the first half of 2017 in June 5 in Ha Noi.

Ms. Hong revealed that in the January-June period, the momentary and foreign exchange market was positive and stable.

In early 2017, the SBV set a credit growth of 18%. As of May 25, credit growth hit 6.58%, the record high over the last eight years. The outcome was extremely positive in the context of difficult public investment disbursement.

So far, the SBV was able to stabilize and even cut lending interest rates.

SBV Governor Le Minh Hung ordered credit institutions to control credit risks; balance capital in real estate, BT, BOT. Especially, credit growth in real estate was slower in comparison with the same period last year.

Regarding foreign exchange rates, the SBV kept a close watch on the development to announce appropriate central exchange rates and stabilize foreign exchange market. So far, demands on foreign currencies were properly met.

With respect of NPLs, the Deputy Governor said that the SBV worked with other ministries and agencies to make a resolution on settlement of NPLs and a draft law on supplement to the Law on credit institution which will be submitted to the National Assembly./.

By Kim Loan