SBV requires commercial banks to report 2011 operational targets

The State Bank of Vietnam (SBV) issued Document No.1313/NHNN-CSTT on February 18 to require the state – owned and joint-stock commercial banks to report certain operational targets of their 2011 plans.

Accordingly, these targets include (i) credit growth plan in 2011: overall credit growth; credit growth in VND and foreign currencies; credit growth for short, medium and long terms; credit growth for the non-productive sector (Loans for real estate and securities trading and personal loans); and credit growth for production (Exclusive of the non – productive sector); and (ii) charter capital by December 31, 2010 and recapitalization plan in 2011.

The commercial banks are required to send their reports before 16h30 on February 18, to the SBV Monetary Policy Department.

Diem Hang

sbv

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