Vietnam’s bank credit began to recover in mid-August 2024 after a slight decline in July. The total outstanding credit in the economy increased by 6.25% from the end of 2023, with a notable rise in mid-August. The July dip was due to reduced short-term and foreign currency loans. The recovery is supported by improved economic conditions and reduced lending rates.
However, achieving the State Bank of Vietnam’s annual credit growth target of 14-15% remains challenging, as credit demand is still relatively weak.
Read more at https://vietnamnews.vn/economy/1661944/credit-recovers-after-july-decrease.html
Author: Viet Nam News
