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Fitch upgrades rating for Vietnam citing it as the fastest amongst 'BB' rated peers

Fitch Ratings has upgraded Vietnam’s rating from "BB-" to "BB" proving the nation’s improvement on economic growth, foreign exchange reserves and government debt.

Credit growth in 2017 estimated to reach 17 per cent

Credit growth in 2017 reaches 16.96 per cent; meanwhile, the total means of payment and capital mobilization of credit institutions increase by over 14 per cent, according to the General Statistics Office of Vietnam (GSO).

Vietnam's GDP in 2017 breaks the target to reach 6.81 per cent, the highest rate since 2011

The gross domestic product (GDP) in 2017 is estimated to increase to 6.81 per cent, exceeding the target of 6.7 per cent and the highest rate since 2011, according to General Statistics Office of Vietnam (GSO).

Intensifying loans to achieve credit growth target of 21 per cent

As usual, the banking system intensifies the capital injection in last three months of the year to reach its credit growth target.

Credit growth reached just 11 per cent

According to the General Statistics Office of Vietnam (GSO), the credit growth of the economy reached 11 per cent, compared to the goal of over 20 per cent increase.

Vietnamese Banking sector to inject US$26.4 billion to increase credit growth

Prime Minister Nguyen Xuan Phuc (PM) has urged the State Bank to continue managing the monetary and credit policy towards a reduction of lending interest rate and increase of outstanding credit balance up to 20 per cent or more.

WB optimistic of Vietnamese economic outlook

Vietnam's medium-term outlook remains positive, with GDP growth expected to increase slightly to 6.3% in 2017 - The World Bank (WB) said in a report on Vietnam's economic development published on July 13.

Concerted efforts behind stable credit growth

Total outstanding loans to May 25 grew 6.53% year-on-year, much higher than the 5% and 4.5% in the same period of 2016 and 2015, respectively, according to the central bank.

SBV: Credit growth at 6.53% year to date

Figure much higher than results for same periods of 2015 and 2016.

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