Vietnam’s credit growth reached around 13.5% in 2023 although unprecedented developments of the global economy posed formidable challenges to the country’s monetary policy, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on January 3.

The State Bank of Vietnam (SBV) has set a credit growth target of 15% for the domestic banking system in 2024.

The State Bank of Vietnam (SBV) will improve credit quality and prioritise capital for spearhead sectors that drive the economic growth in 2024.

The central bank has warned people to take caution when trading gold amid the strong fluctuations of the precious metal.

VOV.VN - For the first time Vietnam has sold 10.3 million forestry carbon credits (10.3 million tonnes of carbon dioxide CO₂) this year, bringing in US$51.5 million, according to the Ministry of Agriculture and Rural Development (MARD).

Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.

Foreign investors are expected to plough large amounts of money into the Vietnamese property market in 2024-26.

Andrea Coppola, World Bank Lead Economist for Vietnam, has described Vietnam in 2023 as resilient, saying that amid the global economic slowdown, the Southeast Asian nation was still able to sustain a rate of growth that many other countries in the rest of the world can only dream about.

Credit ratings agency Fitch Ratings has recently revealed upgrades for several banks, in the wake of its decision to raise Vietnam's national credit rating to BB+ with a long-term outlook of "Stable".

World Bank (WB) experts have suggested several things that Vietnam should do to attract foreign investment in the stock market at the recent Inter-Agency Seminar on Unlocking the Potential of Vietnam’s Capital Markets.