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VCSC Daily - SBV remarks rattle investors – January credit growth drops 0.79%

Market Commentary

15 Feb 2012

Remarks made by Mr. Nguyen Dong Tien rattled the Vietnamese market into negative territory. The SBV Deputy Governor revealed there were at least 10 credit institutions, belonging to Group 4 of a recently announced categorisation scheme, that will need to restructure and are at risk. The SBV had issued Directive 01/CT-NHNN on 13 February 2012 which assigned credit growth limits to four groups. Group 1 consisting of the strongest credit institutions would be allowed up to 17% credit growth while m
Tags: SBV

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