HANOI, Dec. 10 (Xinhua) -- Vietnam's credit growth is projected to reach 19 to 20 percent in 2025, a significantly high rate compared to previous years, local daily Kinh Te & Do Thi reported Wednesday, citing the State Bank of Vietnam.

The credit expansion is expected to support economic growth, helping it reach the target of 8.5 percent this year and achieve double-digit growth in the following years, according to the report.

From early this year to Nov. 27, credit to the economy reached a ten-year high of over 18.2 quadrillion Vietnamese dong (about 691.6 billion U.S. dollars), up 16.56 percent from the end of 2024. Enditem