The State Bank of Vietnam (SBV) will increase the credit growth limits of banks that reach 80 percent of their current cap, Vietnam News is reporting. Credit growth this year has reached just 8.21 percent well below the 14.5 percent target for the year. The argument for the increase for some banks have been more successful than others at signing new loans, however, three of Vietnam’s biggest banks, Vietcombank, BIDV, and Vietin Bank, are still well below their caps at between 4 and 9 percent.
Of note: This article refers to both credit growth limits and then growth in outstanding loans. It may be that these terms are being used interchangeably, however, it is somewhat odd that the latter is only used when referring to growth rates over the 14.5 percent cap.