The State Bank of Viet Nam (SBV) is collecting comments on its draft circular to minimise potential risks for non-banking credit institutions and ensure they work in accordance with international standards.
Credit growth would continually improve significantly in the remaining months of the year, buoyed by rising investment demands when the COVID-19 pandemic is gradually under control, experts forecast.
Analysts believe banking credit growth will ease off next year, but since lending activities will mainly be focused on the economy, growth will not be affected.
According to the Ministry of Planning and Investment, as of September 20 banking credit growth was only 11.02 per cent against a full-year target of 21 per cent.
According to the State Bank of Viet Nam, in the
first eight months of the year banking credit grew at 10.23 per cent
compared to 4.33 per cent a year earlier. It is expected to grow at
15-17 per cent this year.
Commercial banks and credit rating agencies are likely to take their
first cautious steps toward providing loans without requiring collateral
by evaluating company''s portfolios and their leadership.