Overview of credit promotion measures in korea and Thailand- lessons for Vietnam

Abstract

Bank loan is an important source to the economic development, especially to developing countries. In Vietnam, after the substantial growth in lending from 2007 to 2011, the credit change has been following the significant downward trend since 2012, causing aggregate demand decline, bankruptcy and economic growth downturn. Thus, the Vietnamese economic promotion would be in line with the credit rebound. The article presents credit stimulation measures employed by Korean and Thailand governments to recover their economies in light of the Asia Finacial Crisis 1997, then proposes implications for Vietnam at the present.