Vietnam Monetary Policy

The SBV set the credit growth target at 14% this year, higher than the 2020-21 period, which was 12.17% and 13.61%, respectively.

The country will continue to maneuver monetary policy cautiously and ensure credit is channeled into priority fields to aid growth.

The move aims to stabilize market prices of strategic commodities, contributing to containing inflation and supporting the monetary policy in the short- and medium-term.

The CPI in the first half of 2022 is estimated to expand by 2.5% year on year, significantly lower than the 4%-threshold.