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The SBV last week raised the 2022 credit growth target for the domestic banking system by 1.5-2 percentage points from its previous target of 14 per cent, allowing commercial banks to pump an additional VND240 trillion into the economy.
Pouring VND200 trillion (US$8.38 billion) into the economy within a month will not be easy to accomplish, experts say, due to the limited timeframe and difficulties in mobilizing money. - VnExpress International
The Vietnamese bancassurance market is heating up with a notable exclusive bancassurance agreement signed between LienVietPostBank and Dai-ichi Life Insurance Co of Vietnam (Dai-ichi Life Vietnam).
HANOI (Vietnam News/Asia News Network): Increasing labour productivity, ensuring fast and sustainable growth and overcoming the middle income trap are priorities for the country in terms of economic reform.