Consumer credit promotes retail

by VTV413 July 2017 Last updated at 23:46 PM

VTV.vn - Prime Minister Nguyen Xuan Phuc asked the State Bank of Vietnam to co-ordinate with ministries and agencies to propose policies to promote consumer credit to him by this Saturday.

 

 

According to economists, Vietnam has great potential for consumer spending. However, Vietnamese retail has only accommodate for 30% of the customers demand. Moreover, support for consumer credit mainly focuses on phones, motorbikes, electronics and cars, and should be expanded to other things such as vocational training and travel loans. Consumer credit also promotes the sale of local products helping domestic firms and bolstering the economy.

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