The State Bank of Vietnam (SBV) says it will keep monetary policy flexible to ensure inflation does not exceed 4.5% in 2023. According to SBV, its credit growth quota for this year will be 14-15%, adding that its aim is to ensure liquidity for all lenders. It also wants to keep the bad debt ratio below 3% and to ensure management and transparency.
Under the SBW’s new directive, the Bank for Social Policies will further reduce interest rates to support businesses in priority sectors. The directive requires the banking sector to continue restructuring weak credit institutions.
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