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Vietnam's economy begins to absorb capital as bank credit edges up

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(VOVWORLD) - As of April 10, Vietnam’s bank credit grew 1.34% against the end of 2023, indicating that the economy has begun to absorb capital. 
Vietnam's economy begins to absorb capital as bank credit edges up - ảnh 1The press briefing on April 19, 2024, on the State Bank of Vietnam’s performance in Q1. (Photo: nhandan.vn)

This information was revealed by Deputy Governor of the State Bank Dao Minh Tu at a press briefing on Friday.

Experts have predicted credit growth to reach 14%-15% this year.

The rebound of credit growth is evidence of the positive impact of the State Bank's monetary policy, including low-interest rates that have been stimulating production and business.

If the current trends of economic growth and credit expansion continue in April and the following months, it will lay the foundation for a new economic growth cycle, according to experts.

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