Vietnam

Vietnam’s central bank (SBV) is strategizing ways to boost the money supply and lending, aiming to enhance economic growth without sparking inflation. Given that credit growth lags behind government targets, the SBV is seeking ways to increase credit uptake while keeping inflation in check. It has already implemented four rounds of interest rate cuts this year and plans to further lower lending rates by asking banks to cut operational costs. The bank will also reassess banks’ lending quotas to improve loan disbursements while remaining vigilant about bad debt.