Vietnam credit growth hits 2.93% as of end-March

Credit growth as of March 31 is estimated at 2.93% against the end of 2020, higher than 1.3% growth of the same period of 2020, according to the State Bank of Vietnam.

Vietnam, credit growth, State Bank of Vietnam, Covid-19

With the faster credit growth in the first quarter, the credit outstanding of the economy has reached over VND9,460 trillion ($408.7 billion).

With the trend, credit growth is expected to increase much faster in second quarter, focusing on industrial manufacturing, export, trade, tourism, central bank officials said.

As of end-February, credit to the agriculture, forestry and fishery sector reached VND776.918 billion ($33.5 billion), an increase of 0.16% from a year earlier.

Credit to industry and construction reached VND2,615 trillion ($113 billion), up 1.13% from the same period of 2020.

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