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Vietnam's 2016 credit growth quickens to 18 pct yr/yr: govt

Wednesday, December 28, 2016, 18:06 GMT+7

Vietnam's banking sector has expanded loans this year by an estimated 18 percent, slightly faster than an annual growth of 17.26 percent in 2015 and in line with the central bank's target, a senior government official said on Wednesday.

Nguyen Bich Lam, head of the government's General Statistics Office, gave the credit growth estimate at a news conference, where he also announced Vietnam's economic growth this year at 6.21 percent, behind the 6.68 percent expansion in 2015.

Reuters

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