PM: Vietnam to Allow Credit Growth to Exceed 30% in 2009
The government of Vietnam will raise the cap for credit growth to exceed 30% this year, Prime Minister Nguyen Tan Dung said in a statement at National Assembly’s biannual session on October 20.
PM Dung noted that balances of payments will be raised to 25% this year.
Mr Dung forecast bad debt would be curbed at below 3%, warning that “loosened monetary policy” could cause high inflation. (chinhphu.vn)
Vietnamese
