Vietnam's BIDV to cut credit growth to 12 pct in 2013

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BIDV, Vietnam's largest partly private bank by assets, said on Tuesday it has projected lending this year to grow 12 percent, in line with a government plan to control inflation, after loans rose 16.2 percent in 2012.

The lending growth means the Hanoi-based bank, also known as the Bank for Investment and Development of Vietnam, would add up to VND45 trillion dong ($2.2 billion) in loans this year, the lender said in a statement.

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