Commercial banks propose SBV to set higher credit growth limitFrom early 2017 till now, many commercial banks have almost reached the lending growth cap set by the State Bank of Vietnam (SBV) and are now requesting SBV to set a higher credit growth limit to ensure more room for lending. Its outstanding credit balance was nearly VND75.7 trillion ($3.3 billion), an equivalent credit growth rate of 15.7 per cent. Han Ngoc Vu, general director of VIB, said that the bank proposed SBV to raise the credit growth limit. As the credit growth rate increased significantly in the first half, there have been concerns over credit growth spinning out of control. With the current growth rate, credit growth may far exceed the target of 18-20 per cent initially set by SBV.

Source: VietNamNet News August 04, 2017 23:03 UTC