State Bank of Vietnam (SBV) has just issued a document to demand for controlling of credit activities in 2011 against credit organizations, domestic and foreign branches of banks, banking inspectorates, and SBV’s branches in provinces and cities.

 SBV reported that those banking institutions are planning to implement below 20% growth of credit activities to reduce loans ratio in non-production fields; however, there are still institutions plan to grow at 20% with higher ratio of loans than 2010. As the matter of fact, SBV Governor demanded to maintain the growth rates below 20% across the mentioned institutions and to reduce loans ratio and balance in non-production fields, especially real estates and securities. As a result, SBV will reject plans to grow over 20% in 2011.

 According to Binh Duong Newspaper – Translated by Vi Bao