Vietnam’s Central Bank Seeks 20% Credit Growth Amidst Cryptocurrency Adoption Surge

Vietnam’s central bank forecasts a substantial credit expansion of around 20% by 2025, which could fuel liquidity in the global cryptocurrency market. This growth is being driven by the burgeoning adoption of digital currencies within Vietnam. Deputy Governor Pham Thanh Ha of the State Bank of Vietnam underscored the need for further interest rate cuts to stimulate economic activity and address uncertainties stemming from US tariff hikes.