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credit growth limits
Update news credit growth limits
Credit growth target of 15% for 2024 within reach: SBV
The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).
Central bank designs roadmap for credit-growth rate limit
The State Bank of Vietnam (SBV) is considering gradual removal of the current credit growth rate scheme as per a request by the National Assembly and government.
Central bank to raise credit limit, banks slash interest rates
The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14% limit on December 5.
Credit growth limits in Vietnam and the effect on the economy
During a lesson about economic recession at Columbia University (USA) last year, my professor explained that to prevent a banking crisis, the world applies two policy approaches – repression or prudential.
