Credit growth expected at 18 percent in 2018
Updated : Wednesday, February 14, 2018 10:24 AM (GMT+0700)

TheNational Financial Supervisory Commission (NFSC) forecast Vietnam’s credit togrow 17- 18 percent in 2018, similar to the growth last year.

The National Financial Supervisory Commission (NFSC) forecast Vietnam’s credit to grow
17- 18 percent in 2018 - Photo: VNA

The commission said creditgrowth slowed down in January due to seasonal factors such as Tet holiday beingaround the corner. Deposit growth slid in the first month of 2018; however, itpicked up from February.

Credit is predicted toaccelerate from the end of the first quarter.

Credit tends to increase inshort-term credits, shifting focus on consumer credit. In the first quarter,consumer credit continued its momentum from 2017 and increased in January dueto high demand ahead of Tet holiday.

Credit institutions haveaimed for 17.71 percent in the credit growth of Vietnamese Dong and 7.39 percentof foreign currencies.


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