Credit rising rapidly as economy recovers

Credit increased in line with economic recovery in the opening months of 2022 and focused on production and business, ensuring capital for development, according to State Bank of Vietnam Governor Nguyen Thi Hong. However, it is necessary to be cautious over inflationary risks and bad debt risks. As of May 31, credit had increased 8.04 per cent since the end of 2021 and 16.94 per cent over the same period of 2021.