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Vietnam revises up 2014 credit growth to 14.16%: central bank

Thursday, March 19, 2015 - 09:26

vietmoney25.PNG
Vietnam's total loans rose 14.16 per cent to 3,970 trillion dong (S$254.7 billion) in 2014, up from an earlier estimate of 13 per cent, the central bank said.

[HANOI] Vietnam's total loans rose 14.16 per cent to 3,970 trillion dong (S$254.7 billion) in 2014, up from an earlier estimate of 13 per cent, the central bank said.

Bad debts in the banking system edged up to 3.88 per cent of total loans as of November 2014, from 3.87 per cent the previous month, according to data from the State Bank of Vietnam seen by Reuters on Thursday.

Vietnam has projected that loans will rise 13-15 per cent this year but it could raise the lending growth target to 17 per cent to ensure economic growth of more than 6 per cent, a state-run newspaper reported on Wednesday, quoting the central bank governor.

REUTERS

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