Vietnam government to probe central bank’s credit management
Credit growth is far below the SBV’s 14% annual target amid property sector downturn
The Vietnamese government has ordered an investigation into the central bank’s management of credit growth, saying it was growing too slowly.
Deputy prime minister Le Minh Khai ordered the Government Inspectorate to examine the central bank’s management of credit growth in 2022 and 2023, according to media reports. The inspectorate will report its findings in January next year.
In January, the State Bank of Vietnam (SBV) set this year’s credit growth target for all credit institutions at 14–15
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