Vietnam’s credit growth hit 18.17 pct in 2017
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Vietnam’s banking sector posted an estimated 18.17 percent in loan growth in 2017, the Ministry of Finance said on Monday.
On December 29, Vietnam’s General Statistics Office said that credit expanded by an estimated 16.96 percent during the year.
At the same time, the statistics office announced that Vietnam’s economy grew by 6.81 percent during 2017, compared with 6.61 percent the year before, the highest in a decade.
Questions & Answers
Q.What was the estimated loan growth in Vietnam's banking sector during 2017?
What was the estimated loan growth in Vietnam's banking sector during 2017?
The Ministry of Finance estimated the loan growth in Vietnam's banking sector at 18.17 percent for 2017. This figure indicates a significant expansion in lending activity within the financial system.
Q.Did another official source provide a different estimate for credit expansion in 2017?
Did another official source provide a different estimate for credit expansion in 2017?
Yes, Vietnam's General Statistics Office reported a slightly different figure. They estimated that credit expanded by 16.96 percent during 2017, which was announced on December 29.
Q.How did Vietnam's overall economic growth compare to the previous year and past decade?
How did Vietnam's overall economic growth compare to the previous year and past decade?
Vietnam's economy grew by 6.81 percent in 2017, an increase from 6.61 percent the year before. This represents the highest economic growth rate the country has seen in a decade.
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