According to the State Bank of Vietnam (SBV) – Hanoi branch, by the end of June, total mobilized capital of credit institutions in the area reached nearly VND1,110 trillion, up more than 6% from the end of 2013
In the total mobilized capital, savings deposits edged up 1.45% and payment deposits rose 6.44%.
Total outstanding loans including lending and investments reached more than VND921 trillion, in which outstanding loans to the economy were at VND682 trillion.
Credit institutions have focused on lending to agricultural and rural sector, exports and small and medium enterprises. Interest rates on existing loans continued to be reduced, so that outstanding loans in VND with interest rates over 13%/year accounted for only about 15-17% total loans in VND (mainly consumer loans and medium and long term loans).
The disbursement of housing assistance loans reached VND1.108 trillion, an increase of 3.3-fold compared with the end of 2013m, including VND368.59 billion disbursed to businesses and VND740 billion disbursed to individuals.
Source StoxPlus