HANOI, July 5 (Xinhua) -- Vietnam's credit growth has accelerated since the beginning of June with growth rate reported as of June 24 at 4.45 percent, according to the General Statistics Office.
If the rate is maintained, the credit growth target set at 15 percent for the full year might be within reach, Vietnam News Agency reported Friday, citing the State Bank of Vietnam.
The central bank forecast that the credit tends to increase faster in the second half of the year.
Nguyen Duc Do, deputy director of the Institute of Economics and Finance, said "The credit usually accelerates in the second half of the year, so the low credit growth rate in the first half is not worrying but consistent with the economy's recovery."
According to the central bank, total credit of Vietnam's economy grew 13.5 percent to reach nearly 558.3 billion U.S. dollars in 2023. ■
