HANOI, Jan. 12 (Xinhua) -- The State Bank of Vietnam has set a credit growth target of 15 percent for 2026, local daily VnBusiness reported Monday.

According to the report, the central bank has asked credit institutions to strictly control credit growth from the beginning of the year.

To achieve the target, the bank will continue to apply the credit growth quota allocation mechanism used in previous years, regarding it as an important tool to manage both the scale and quality of credit expansion.

By the end of 2025, Vietnam recorded credit growth of 19.1 percent, with outstanding loans totaling 18.58 quadrillion Vietnamese dong (about 709 billion U.S. dollars), the bank said. ■