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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
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Ho Chi Minh City
Saturday, April 5, 2025

VCCI says rules needed for setting credit growth quotas

By T. Dao

Must read

HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed policymakers provide regulations for the setting of credit growth quotas.

Article 59 of the 2010 law on the State Bank of Vietnam (SBV) states that depending on the nature and degree of risks, the SBV can decide on a certain credit growth limit for banks subject to inspection and supervision in order to ensure safety for the banking system.

However, the article is not clear, so commercial banks might not be equally treated when it comes to credit quota allocation, VCCI said. The article does not point out whether the regulation applies to all banks or a few that have high exposure to risks and that breach the law.

The number of enterprises that could gain access to bank loans has declined over the years, with 49.7% in 2017 and 35.41% in 2021, even though the business community has huge demand for financing as the Vietnamese economy is still growing robustly, the Vietnam News Agency reported, citing data from VCCI’s surveys.

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