(VOVWORLD) -The State Bank of Vietnam set to achieve a credit growth target of 12% in 2021 compared with the 12.13% credit growth in 2020, the bank’s deputy governor Dao Minh Tu said on Friday.
Addressing a press conference on implementation of 2020 tasks in Ho Chi Minh city on Friday, the deputy governor said credit growth target will be adjusted to higher than 12% in case the COVID-19 epidemic subsides, the economy needs a quick recovery, and businesses need more credits. On the contrary, when the economy requires tighter control to ensure harmony with the inflation target, the credit growth target will be lowered, Mr. Tu said.