Off the wire
• China details plan for debt-for-equity swaps  • Georgia's ruling party declares victory in parliamentary elections  • News Analysis: Trump goes on offensive, but Clinton more eloquent on policy  • WTA Tianjin Open results  • Chinese bicycle-sharing service secures financing  • Pique announces retirement after 2018 World Cup  • China announces measures to reduce companies' leverage  • Feature: Biggest U.S. beer festival draws thousands from around the world  • Report: Saudi Aramco says no decision to stop oil supply to Egypt  • Spotlight: Trump, Clinton hit each other hard with scandals in 2nd U.S. presidential debate  
You are here: 　 Home

Vietnamese banks expect credit growth of 21.82 percent in 2016: survey

Xinhua, October 10, 2016 Adjust font size:

Credit institutions in Vietnam expected credit growth to reach 21.82 percent in 2016, according to the State Bank of Vietnam's (SBV) survey for the fourth quarter on Monday.

The expected growth will stay higher than the 17.26 percent of 2015 and the 20.4 percent forecast during the previous survey in Q3, reported Vietnam's state-run news agency VNA.

Also, it will surpass earlier SBV's targeted credit growth of around 18-20 percent in 2016.

In the survey on business performance prospects of credit institutions in Q4 and the whole year of 2016, the institutions forecast that credit growth in the last quarter of this year would be 7.37 percent, of which lending in Vietnamese dong would rise 7.93 percent.

Under the survey, some 87.6 percent of the surveyed institutions said that their liquidity for both Vietnamese dong and the U.S. dollar is good.

Thanks to improved credit growth and liquidity, around 80 percent of the surveyed institutions expect their business performance in Q4 and in the whole year to be better than Q3 and last year, respectively. Endit