C.bank expects credit growth to exceed 12%-target for 2021

13/04/2021 14:41 8

C.bank expects credit growth to exceed 12%-target for 2021


Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.

In case the Covid-19 pandemic is contained and the rollout of vaccination programs remains effective, Vietnam’s credit growth may hit 14% year-on-year for 2021, exceeding the original target of 12%.

Meanwhile, banks should ensure customers to have financial capabilities to repay their debts, as this is a key step to maintain credit quality.

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