Vietnam unlikely to loosen lending

January 02, 2023

Some experts have recently suggested that the Government introduce monetary loosening packages to boost economic growth, noting that the current consumer price index (CPI) remained low. They were concerned that a further decline of CPI could cause negative affects on the nation's economic growth. In fact, Dong said, no country, anywhere in the world, required that only their banking industry provide money for the purpose of economic growth. The banking industry should act only as a supplementary capital source for the economy during a certain period, Dong said. However, currently in Vietnam the banking industry provides up to 80% of investment capital sources for the entire economy.

The source of this news is from VIETNAM ECONOMIC NEWS