Bank loans lilely to be up 20% over 2007, but growth is slowing

HANOI, June 20 (Reuters) – Outstanding bank loans in Vietnam are likely to be 20 percent higher at the end of the first half than a year earlier, but monthly loan growth will slow to 1.22 percent in June, a central bank newspaper said on Friday.

The figures suggest the central bank has had some success in bringing down rampant credit growth in an overheating economy in which the annual inflation rate has soared to 25 percent.

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