January 9, 2025

Estimated 15 percent increase in Vietnam credit growth in 2024

This is interesting in that credit growth limits were first introduced just over a decade ago to try to keep bank lending and by extension inflation under control, essentially acknowledging that the more money people have to spend the higher inflation will climb. This reality hasn’t changed, however, the connection between inflation and credit growth in Vietnam has, with the former going down this year while the latter has risen.

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