Vietnam: Credit growth limits extended

  • The State Bank of Việt Nam (SBV) has extended the credit growth limits for the second time in 2020 to some commercial banks, of which the highest level is up to 30%.
  • Leading banks including four State-owned commercial banks, also introduced a loan package for production and business, supporting small and medium enterprises with preferential interest rates to boost credit growth at the end of 2020.
  • Credit growth was more positive in 4Q20 but commercial banks’ liquidity is still abundant, interbank interest rates and deposit interest rates will move sideways in the next few months.

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