PM: Vietnam to Allow Credit Growth to Exceed 30% in 2009

3:12:41 PM | 23/10/2009

The government of Vietnam will raise the cap for credit growth to exceed 30% this year, Prime Minister Nguyen Tan Dung said in a statement at National Assembly’s biannual session on October 20.

PM Dung noted that balances of payments will be raised to 25% this year.

Mr Dung forecast bad debt would be curbed at below 3%, warning that “loosened monetary policy” could cause high inflation. (chinhphu.vn)

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PM: Vietnam to Allow Credit Growth to Exceed 30% in 2009

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PM: Vietnam to Allow Credit Growth to Exceed 30% in 2009

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Provinces & Cities

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Invitation to Attend the Forum “FDI Connect – FDI Connect 2026”