By the end of August, credit growth had reached 9.91%, much higher than the same period last year, with banks having reached their maximum credit quotas, said Deputy Governor of the SBV Dao Minh Tu at a meeting Tuesday.
As the SBV capped Vietnam's credit growth at 14% this year, it will distribute the remaining 4% to lenders within a couple of days, he added.
"Banks with healthy operating figures will be given more quotas."
The SBV monitors the performance of each bank based on six criteria including capital, asset quality, management, earnings, liquidity and sensitivity to market risks.
It provides bank quotas based on this assessment and does not publicly announce its evaluation.
Many businesses have complained they cannot access loans as banks had reached their maximum quotas in recent months.
Some property developers are struggling to keep their projects going due to shortage of funding.
At least 16 banks have recently increased their deposit interest rates, mostly by 0.3-0.6% points.
SSI Securities Corporation forecasts that by the end of 2022, deposit interest rates would increase by 1-1.5% points from the beginning of the year.