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Experts doubts SBV credit growth target

by VTV414 September 2017 Last updated at 15:58 PM

VTV.vn - The State Bank of Vietnam has just raised credit growth targets for banks to 20-22% this year.

This would see billions of US dollars pumped into the domestic market by the end of this year part of a concerted effort to achieve the government's targeted GDP growth of 6.7%. However, many economists still believe that even if this credit growth target is achieved, the results won't be visible until next year. Therefore, in order to ensure the effectiveness of investment through credit, there should be close co-ordination with other investment channels such as the government budget, bonds or ODA capital.

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