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Update news credit growth limits
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.
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.
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.