It also increased its limit on credit growth for some banks and reintroduced, then later lowered a ceiling on bank lending interest rates for priority industries.
Nevertheless, growth in credit estima...
ted at 8.9% last year was the slowest
for many years and fell short of the central bank’s 15%–17% target (Figure
Broad money supply (M2) increased by 22%, above the central bank’s
target of 14%–16%, suggesting sufficient liquidity but lack of demand for
credit. Banks were cautious in extending credit due to their impaired
balance sheets, illustrated by rising nonperforming loans (NPLs),
and their concerns about the financial health of borrowers and other
banks. Firms and individuals hesitated to take on debt at a time of
weak domestic demand and a declining property market. Lending for
consumption, real estate, and marketable securities was only 4% of total
lending, well below the 16% cap on lending for these activities introduced
by the central bank in 2011.
Sources: State Bank of Viet Nam; ADB estimates - http://www.sbv.gov.vn
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.
*Requires $10k minimum purchase
Please tell us more about your professional experience...
Please fill out at least one of the following fields