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Vietnam credit growth rises 1.96% by end of May

by VTV406 June 2020 Last updated at 18:17 PM

VTV.vn - Vietnam's banking system by the end of May recorded credit growth of 1,96% against the end of 2019, showing slight growth in production and business.

In addition, exchange rates have remained stable and bad debts are under control. Since the Covid-19 pandemic broke out in Vietnam, the SBV has implemented a number of measures, including restructuring debt payments and reducing interest rates and fees for people and businesses.

According to the SBV, Vietnam will continue to pursue a flexible monetary policy to control inflation and stabilize the forex market amid the complexity of the coronavirus pandemic.

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