Vietnam targets 2017 credit growth of 18 percent

The State Bank of Vietnam has set a credit growth target of 18 percent for this year and pledged to continue measures to keep credit growth adequate for economic growth.

The Bank is considering details of a credit package of around 2.6 billion USD for agriculture mobilized from commercial banks. Nguyen Thi Thuy Hanh, Deputy Head of the State Bank of Viet Nam's Credit Department of Economic Sectors, said: "The State Bank of Vietnam will continue to make it easier for enterprises to access credit and focuses loans on prioritized areas. The Bank will work with relevant Ministries and sectors to resolve difficulties for enterprises and people in 4 central provinces and areas hit by natural disasters".

Source: VOV5