In this situation, the State Bank of Vietnam has sent a document to credit institutions to announce the additional growth rate for credit institutions publicly and transparently according to specific principles and criteria. Accordingly, credit institutions with outstanding credit balances up to now reaching 80% of the announced credit target will be proactively supplemented with additional limits based on the 2022 ranking, while giving priority to credit institutions focusing on credit in priority areas of the Government and lowering lending interest rates to low levels in the recent past.
The addition of this limit is the initiative of the State Bank of Vietnam, and credit institutions do not need to request or ask for the addition. At the same time, the State Bank of Vietnam requires credit institutions to provide safe and healthy credit, support businesses, ensure credit growth in accordance with risk management capacity, capital mobilization capacity, as well as balance sufficient capital sources for credit provision, continue to maintain stable mobilization interest rates and actively reduce lending interest rates.
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