Vietnam’s central bank has set a credit growth target of “about 14%” for 2023 and is allocating lending quotas to commercial banks. The bank will assign credit quotas based on the financial capacity, governance, and loan quality of each lender in a manner that ensures sufficient liquidity and operational safety for the entire banking system. The central bank stated its readiness to support banks with liquidity and take appropriate measures to encourage lending growth toward the end of 2023.