December 23, 2014 / 7:41 AM / 5 years ago

Vietnam's credit growth seen at 13 pct y/y in 2014-c.bank

HANOI, Dec 23 (Reuters) - Vietnam’s credit growth this year is expected to quicken slightly to 13 percent, in line with its annual target, after an expansion of 12.52 percent in 2013, a senior central banker said on Tuesday.

The country is expected to post a surplus of $11 billion in its balance of payments this year, Do Thi Nhung, deputy head of the State Bank of Vietnam’s Monetary Policy Department, told a news conference.

Loans as of Dec. 19 had risen 11.8 percent from last year, the central bank said in a statement. (Reporting by Mai Nguyen; Writing by Ho Binh Minh; Editing by Subhranshu Sahu)

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