HANOI, Oct. 4 (Xinhua) -- Vietnam's banking sector is likely to achieve its yearly goals in 2016, according to Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong on Tuesday.
As of the end of September, credit growth of Vietnamese economy neared 11 percent and is forecast to reach 18-20 percent as targeted for the whole year, According to Hong.
The SBV is considering to submit to the government a scheme on restructuring the system of credit institutions in combination with settling bad debts for 2016-2020 period, in order to keep bad debts below 3 percent and develop a modern, effective and safe banking system by 2020, Vietnam's state-run news agency VNA quoted Hong as saying.
