Vietnam central bank seeks to ease up on credit quotas

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HANOI: As experts say the credit-growth quota policy for commercial banks in Vietnam is currently inappropriate and hinders customers accessing bank loans, the State Bank of Vietnam (SBV) has announced plans to gradually remove the scheme.

However, Anh noted, testing the removal of the credit-growth cap needs to be strictly controlled, because when the restriction is removed, the competitive environment between banks will become more intense.

For banks that cannot compete, solutions must be considered, such as merging or cooperating with each other to gain competitiveness.“In a market economy, competition is inevitable.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: Lending /Business/Business News Credit Economy Banking

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 00:00:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 794 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27121190

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