Impact of interest rate on credit growth of commercial banks in Vietnam
DOI:
https://doi.org/10.56097/binhduonguniversityjournalofscienceandtechnology.v7i4.277Keywords:
Lãi suất; ngân hàng thương mại; tăng trưởng tín dụngAbstract
This article studies the influence of interest rate factors in particular and other
factors in general on credit growth of Commercial Banks in Vietnam. Data was analyzed
based on 20 commercial banks in the period 2014 - 2023, with information collected from
Ho Chi Minh City Stock Exchange (HOUSE), Hanoi Stock Exchange (HNX) along with
reports. Finance of 20 commercial banks operating during this period, data from the World
Bank and Vietnam General Statistics Office. The research method implemented is panel
data regression method including POLS, FEM, REM, FGLS. Research results show that 4
out of 10 independent variables have a major impact on credit growth, including: (1) Real
interest rate, (2) bad debt ratio, (3) deposit growth rate and (4) inflation rate. From these
findings, the study proposes some policy implications to promote credit growth in Vietnam.
