On November 28, 2024, the State Bank of Vietnam (SBV) officially announced an increase in credit growth targets for credit institutions in 2024. This move is to promptly meet the needs of credit institutions. capital demand for the economy, supporting production and business development in a context where inflation is well controlled and below the target level set by the National Assembly and the Government.
According to the State Bank, the adjustment of credit limits is done proactively, without the need for credit institutions to request. This is a flexible, effective operating measure that ensures openness and transparency, helping commercial banks have more room to provide capital to the economy.
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