Q3 GDP growth exceeds expectations
GSO puts growth in the third quarter at 13.67 per cent year-on-year, significantly higher than the 10-11 per cent forecast previously.
Inflation forecasts under 4%
The Ministry of Finance has forecast that CPI will increase 3.37-3.87 per cent in 2022; higher than the forecast of 3.4-3.7 per cent from the General Statistics Office. The State Bank of Vietnam, meanwhile, has put inflation in the range of 3.7 per cent, ± 0.3 per cent.
1H credit growth at 8.51%
Figures from the General Statistics Office show that credit growth in 2022 as of June 20 stood at 8.51 per cent, much higher than the 5.47 per cent posted in the same period of 2021. Growth in banks’ capital mobilization, however, was only 3.97 per cent. The State Bank of Vietnam (SBV) expects credit growth to come in at 14 per cent for the year as a whole.