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Vietnam bank's discuss building credit loan growth

Vietnam bank’s discuss building credit loan growth

(17 July, 2012 – Vietnam) Vietnamese banks are discussing ways of handling low growth in credit loans after only a 0.76 percent growth in the first half this year. Le Thanh Trung, deputy general director of HDBank, said, "To increase credit growth to 10 percent in the remaining months this year, we need to stimulate demand for the entire market, especially in the retail and consumption sectors.

"As we all know, businesses in retail and consumption currently hold large inventories. We need a policy to stimulate consumption such as programmes related to education, healthcare, housing and other essentials," he added.

VietinBank, according to its deputy general director Le Duc Tho, made it easier for businesses to access credit by offering more concerted measures for borrowers.

The bank was willing to provide those in a sound financial position with competitive lending interest rates, and restructure existing loans for those who were experiencing difficulties.

Sharing the idea, Le Duc Tho of VietinBank said the State Bank needed to restructure the national economy and implement suitable policies to boost aggregated demand on the domestic market.

The central bank was also asked to continue regulating policy on credit loans to adapt to changes in the market, while enhancing both corporate and risk management.
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