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Financials

Vietnam c.bank says it adjusted credit growth targets for financial institutions

HANOI, July 15 (Reuters) - The State Bank of Vietnam (SBV) said on Thursday it has adjusted credit growth targets for financial institutions in order to both achieve its monetary objectives and fight against the pandemic.

The adjustment was based on requests from financial institutions, and the assessment of each institution’s financial capacity, management and ability to mobilise credit, SBV said in a statement. (Editing by Ed Davies)

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