Credit growth, a spotlight of Vietnam’s economy

(VOVworld) – Vietnam’s credit growth in the first 6 months of the year was 3.52%. Deputy head of the National Assembly’s Economic Committee Nguyen Duc Kien said GDP during this period increased 5.19%, which is evidence that Vietnam’s economic restructuring is on the right track. The State Bank of Vietnam has reduced interest rates and devised a number of measures to boost credit growth such as loans to support high-tech agricultural production and fishermen. However, businesses are required to find capital sources and work out appropriate development plans to achieve higher growth.