Successful year for banking sector

The institution is tasked with the mission of controlling inflation, stabilizing macroeconomics and sustaining reasonable growth.

However, 2016 proved to be a successful year for banking authorities. The SBV revealed that it has effectively supplied cash, paving the way for banks to stabilize deposit rates and reduce interest rates.

Over 280,000 government bonds have been supplied. Moreover, Credit growth increased by 18.71%, beyond the target of 16-18%. Meanwhile, bad debts have been reduced to 2.46%.

The State Bank of Vietnam will continue to solve existing financial issues with Sacombank, Dong A Bank, Ocean Bank , CB Bank and CP Bank.