Viet Nam plans to cautiously expand credit growth to 12-14 per cent in a
bid to facilitate companies, boost the national economic revival and
tackle inflation.
The State Bank of Viet Nam has deflated banks'' hopes of achieving the
credit growth target by lending at low rates to prime customers, warning
it will penalise those lending at below deposit interest rates.
The banking industry would meet the credit-growth target of 12 per cent
this year if it could do well in the second half, as it did last year,
Governor of the State Bank of Vietnam Nguyen Van Binh said here
yesterday.
