Analyst Pin-board Updates on monetary market in Apr 2022
Bank loan demand to remain strong |
According to the SBV, credit growth reached approximately 2.7% compared to the beginning of the year by the end of Feb 2022, which was a slight increase compared to the increase of 2.5% in Jan 2022. Thus, credit growth in Feb did not change much compared to the previous month, consistent with the normal status when the demand for loans slowed down during the Lunar New Year period. However, credit accelerated significantly in Mar-Apr, according to the SBV, credit growth is estimated at 5.0% by the end of Mar 2022 and at 6.4% as of 19 Apr. Elsewhere, Ho Chi Minh City's credit balance reached VND3 trillion as of the end of Apr 2022 (equivalent to 27% of the system's outstanding loans), recording a strong growth of about 7% compared to the beginning of the year
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