Vietnam’s Credit Growth Is Likely To Miss The Annual Target Of 17%
Currently, we see more and more signals of low credit growth in 2018. Furthermore, it is possible that the 17% target set at the beginning of the year will not be met. According to GSO, Vietnam’s credit growth stood at 6.4% YTD at the end of June 2018, lower than the last two years’. In 2018, credit growth is likely to be at 15%-16% YoY, owing in part to a slightly tighter monetary policy. In our view, global changes, including generally tightening monetary policies around the world have been putting pressure on State Bank of Vietnam (SBV). If the FED ended its QEs before normalizing the monetary policy via interest rate hikes and selling securities assets, the credit growth is likely to be lower before rising the interest rates due to changes in the global environment.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.