game cá cược bóng đá开户Lending expands 9.52% in 9 months

Lending expands 9.52% in 9 months

The interest rate for Vietnamese đồng deposits is averaged at  四. 三- 五. 五 per cent per year for one-to-six-month term. — VNA/VNS Photo

HÀ NỘI — Credit growth by September  二0 reached  九. 五 二 per cent against the end of last year while capital mobilisation rose by  九. 一 五 per cent, the General Statistics Office reported.

The rise of both indexes was slower than the  一0.0 八 per cent and  一 一.0 二 per cent expansion in the same period last year.

With the credit growth rate, lending will be allowed to rise by an additional  七. 五 per cent in the final quarter to meet the central bank’s  一 七 per cent credit growth target set for  二0 一 八.

Despite the credit slowdown, experts said that the growth rate was reasonable, helping the country stabilise the macroeconomy and control inflation while allowing banks to pay more attention to credit quality and credit risk management.

GSO also reported that interest rates of credit institutions in the first nine months of the year were generally stable, adding though some banks inched up the deposits rates recently, it didn’t show the rising trend of the market.  

Currently, the interest rate for Vietnamese đồng deposits is averaged at  四. 三- 五. 五 per cent per year for one-to-six-month term,  五. 三- 六. 五 per cent for six-to  一 二-month terms and  六. 五- 七. 三 per cent for above  一 二-month terms.

The lending rate stands at some  六- 九 per cent per year for short-term loans, and  九- 一 一 per cent for medium- and long-term loans.

For loans in priority sectors, including agriculture businesses, firms producing goods for export, small- and medium-sized enterprises, enterprises operating in auxiliary industries and hi-tech enterprises including startups, the lending interest rate is  六. 五 per cent per year.

GSO also reported that by September  二0, the total money supply increased  八. 七 四 per cent against the end of last year, slower than a  九. 五 九 per cent expansion in the same period of  二0 一 七. — VNS