Vietnam's credit growth expands by 7.42% despite Covid-19 impacts
The central bank would continue to keep the policy rates unchanged until the end of the year.
The central bank would continue to keep the policy rates unchanged until the end of the year.
The aviation sector remains an important part of the economy and would rebound strongly once the pandemic is contained.
The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
Vietnam’s central bank is willing to increase the credit growth limits for banks from now until the end of the year to support economic growth.
Vietnam is capable of repaying debts, as the annual debt repayment accounts for 15 – 16% of total state budget, below the ceiling limit and international practice of 25%.