Vietnam's mid-year credit growth hits six-year record

HANOI, June 29 (Xinhua) -- Vietnam's total loans have grown over 7.5 percent from the end of 2016, announced the country's General Statistics Office on Thursday.

The mid-year growth rate posted the highest level since 2012, far above the previous record of 6.28 percent set in 2015. This reflects the market's improved capacity to absorb capital, said the office.

Vietnam targets credit growth of 18 percent this year. Last year, loans grew nearly 18.3 percent, according to the country's central bank.