Vietnam State Bank: Credit in 2023 is about 14-15%

Information from the State Bank, in 2023, the State Bank of Vietnam, will continue to strictly control credit in potential fields such as real estate, securities, BOT transport projects…

On the eve of the Lunar New Year 2023, according to Deputy Governor of the State Bank Dao Minh Tu, managing interest rates and exchange rates is one of the key contents of monetary policy management.

The State Bank’s management of interest rates and exchange rates in 2023 is calculated from numbers and parameters to determine a stable policy.

The State Bank continued to maintain the stability of interest rates as well as the current exchange rate.

If conditions are favorable for macroeconomic stability and inflation control in the coming time, they will continue to direct and mobilize commercial banks to continue cutting costs to lower interest rates compared to the current level. committed interest rate reduction by the end of 2022.

On the basis of the achievement of credit in 2022 about 14.17%, the Deputy Governor said that the State Bank has calculated the credit growth orientation of 2023 at about 14-15%. However, there are still adjustments in line with developments and the actual situation in Vietnam.

The monetary authority emphasizes on notifying and periodically reviewing and adjusting credit growth targets for each credit institution on the basis of its operation situation, financial capacity and ability to increase credit growth. healthy credit growth;

Ensure safe and effective credit operations; continue to strictly control credit in potentially risky fields such as real estate, securities, BOT traffic projects…

Credit granting activities of credit institutions will also be closely monitored, supervised and inspected by the State Bank, ensuring capital flows are directed to production and business fields and priority areas.

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