Mr. Dao Minh Tu

The Standing Deputy Governor of the State Bank Dao Minh Tu said that the next will eliminate the allocation of credit growth targets for each credit institution. Photo: VGP/Nhat Bac

Coming to eliminate credit growth targets

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The elimination of credit growth targets for each credit institution to make efforts to achieve credit growth in the whole system is expected to be 16%.

Deputy Governor Dao Minh Tu said that credit growth in 2025 could be higher than the target of 16%. Photo: VGP

Credit growth in 2025 could be higher than 16%

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The State Bank of Vietnam's Standing Deputy Governor said that credit growth could be higher than the target of 16% if inflation is still controlled and macroeconomic indicators allow.