Vietnamese central bank raises credit growth cap for local banks

HANOI, Dec. 5 (Xinhua) -- The State Bank of Vietnam (SBV) on Monday raised its cap on the local banking system's credit growth for this year by 1.5 to 2.0 percentage points.

It said in an announcement released the same day that banks with good liquidity and offering low interest rates will enjoy an increase in their credit growth.

Noting that these are "flexible measures" in the current context, the bank