HANOI :Borrowing in Vietnam's high-risk sectors remained under control, while credit growth was less than expected despite banks' abundant liquidity, a deputy governor of the central bank said on Wednesday.Credit growth as of June 15 was seen at 3.36 per cent against the end of 2022 and was much lower than th
HANOI :Borrowing in Vietnam's high-risk sectors remained under control, while credit growth was less than expected despite banks' abundant liquidity, a deputy governor of the central bank said on Wednesday.
The refinance rate was cut to 4.5 per cent, the discount rate to 3.0 per cent and the electronic interbank rate to 5.0 per cent - they were all reduced by 50 basis points . Inflation remains under 4 per cent and the SBV continues to buy foreign currency to strengthen its own reserves, he added, without elaborating.
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