Vietnam H1 Credit Growth +11.36%, Deposits +14.64%: Central Bank
Total credits of local banks at the end of June rose 11.36% from end-2009 while total deposits grew 14.64%, according to a data from the State Bank of Vietnam.
The credit growth is on track to reach a full-year target of 25%, fuelling the country’s efforts to secure an economic growth of 6.5% in 2010.
The SBV estimated in early June that credits and deposits at local banks were up 10.52% and 10.82% in H1 versus 17.01% and 16.2% in the same period last year, respectively.
The government has insisted on a credit growth of 25% this year, indicating that more cash will be injected into the recovering economy in the coming months. (Banking Times)
Vietnamese
