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VCSC Daily - Markets react positively to SBV announcement on credit growth

Yesterday, the SBV issued Decision 01/CT-NHNN to set different credit growth limits for the four groups of credit institutions. (Group I: 17%, Group II: 15%, Group III: 8%, and group IV: 0%). Tough the SBV has yet to announce which bank belongs to which group; credit growth will therefore depend on the quality of the bank. Market participants had mixed views on the news. While foreign investors approved the move as it could help strengthen the banking system, domestic investors were disapproving