Vietnam's credit growth hit 18.17 pct in 2017: Ministry of Finance

By Reuters/Mi Nguyen   January 9, 2018 | 11:03 am GMT+7
Vietnam's credit growth hit 18.17 pct in 2017: Ministry of Finance
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The economy also surpassed the annual target by reaching 6.81 percent growth.

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.