Vietnam’s banking credit grows 8.53 pct in nearly 9 months

HANOI, Oct. 7 (Xinhua) — Vietnam’s credit growth was reported at 8.53 percent as of Sept. 27, equivalent to nearly 1.16 quadrillion Vietnamese dong (46.68 billion U.S. dollars), according to the General Statistics Office (GSO).
The rate was higher than the 6.24 percent growth of the same period last year, said the office.
As of Aug. 26, the credit increased 6.63 percent, according to the State Bank of Vietnam (SBV).
It means that in one month, the credit expanded at around 1.9 percent, equivalent to nearly 260 trillion dong (10.4 billion dollars), VnExpress reported Monday.
According to the GSO, credit focuses on production, business and priority sectors to control risks and ensure the banking system’s safety.
SBV Deputy Governor Dao Minh Tu said this year’s credit growth target of 15 percent was achievable. ■