PM issues Dispatch on increasing credit to year’s-end
Move must ensure sufficient credit capital for the economy and secure the system of credit institutions.
Topic: credit growth limit
VCBS: VND to depreciate this year
Based on the appreciation of the USD in the world market and new credit growth limits from the State Bank of Vietnam (SBV) for commercial banks, the Vietcombank Securities Company (VCBS) has forecast that the VND will depreciate by 3-4 per cent this year. It also forecasts that deposit rates will continue to increase this year, by 1-1.5 per cent.