Vietnam unlikely to raise rates this year, deputy governor says

Central bank may extend debt rescheduling as government demands higher credit growth

State Bank of Vietnam, Hanoi
The State Bank of Vietnam

The State Bank of Vietnam (SBV) will not consider increasing policy rates this year, deputy governor Dao Minh Tu said on January 3. 

The central bank might extend debt rescheduling policies this year, and said it expects the economy will continue to face difficulties, the deputy governor said.  

In November, the Vietnamese government ordered an investigation into the central bank’s management of credit growth, saying it was growing too slowly. Vietnam’s total credit grew 13.5% year on year in 2023

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.