ZCZC
BCN-08
VIETNAM-CREDIT-GROWTH
Vietnam’s credit growth forecast at 19 pct in 2018
HANOI, Jan 8, 2018 (BSS/Xinhua) — Vietnam’s credit growth is much likely
to stand at 18-19 percent in 2018, similar to the rates in the last three
years, the National Financial Supervisory Commission said on Monday.
This year, the proportion of medium- and long-term loans tends to drop,
and that of short-term loans are expected to rise, while consumer credit is
predicted to continue to surge.
Meanwhile, mobilization and lending interest rates are forecast to be
fairly stable, increasing or decreasing around 0.2 percentage points against
last year.
Vietnam posted a credit growth of 19 percent in 2017. Specifically, it saw
a 65-percent surge in consumer credit which represented 18 percent of total
loans, said the commission. E
BSS/Xinhua/MR/1123hrs