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Vietnam eyes credit quota removal to spark banking sector reform
Vietnamnet global

Vietnam eyes credit quota removal to spark banking sector reform

The Vietnamese government is determined to achieve a GDP growth rate of 8% or higher this year, laying the groundwork for double-digit growth in the near future. Bank credit remains a vital channel for capital flow in this drive.

Abolishing credit rooms under consideration: central bank
Vietnamnet global

Abolishing credit rooms under consideration: central bank

Deputy Governor of the State Bank of Vietnam (SBV) Pham Quang Dung has recently said that the central bank is studying a plan to gradually abolish the credit growth quota policy following the National Assembly and the Government’s directions.

Will VND240 trillion pumped into the economy stimulate the real estate market?
Vietnamnet global

Will VND240 trillion pumped into the economy stimulate the real estate market?

With an additional credit growth rate of 1.5-2 percent, VND240 trillion will be pumped into the economy from now to the year-end, which could a good sign for the real estate market.