Vietnam’s 2024 credit growth target within reach: central bank

HANOI, Sept. 10 (Xinhua) — Vietnam’s target of a 15 percent credit growth rate for the full year is within reach, Vietnam News cited deputy governor of the State Bank of Vietnam Dao Minh Tu on Tuesday, given the fact that the country reported a recent surge of credit growth at 7.75 percent as of Sept. 7.
Tu said expanding investments to drive economic growth was a priority in achieving the target of 15 percent set for this year.
With drastic policies, credit growth is expected to contribute to achieving the economic growth target of 6.5-7 percent this year, he said.
Last year the Vietnamese economy reported 13.5 percent credit growth, reaching nearly 558.3 billion U.S. dollars, according to the central bank. ■