The total outstanding loans in Hanoi was estimated at 1.6 quadrillion VND (70 billion USD) in the first half of this year (Photo: VNA)Hanoi (VNA) – The total outstanding loans in Hanoiwas estimated at 1.6 quadrillion VND (70 billion USD) in the first half of thisyear, according to the State Bank of Vietnam’s Hanoi branch.
Itrepresented a rise of 8.15 percent over December 31, 2016 and 16 percent overthe same period last year.
The credit mainly went into business andproduction, with 41.9 percent of the outstanding loans pouring into small- andmedium-sized enterprises, 7 percent for agriculture and rural sector, and 9.8percent for export.
[Interest rates for different terms forecast to drop 0.5-1 percent]
Depositsin credit institutions in the capital city rose 5.39 percent in the first sixmonths of this year over the end of last year to touch 1.7 quadrillion VND.
Thecentral bank’s Hanoi branch said that the deposits met the capital demand ofbusinesses and other investments, as well as ensured liquidity.
Overduedebts accounted for 2.82 percent of the total outstanding loans.
Deposit rates for Vietnamese dong were around 4.5 percent to 5.5 percent peryear for a term of six to 12 months and 6.5 percent to 7.8 percent formore than 12-month term.
Lendingrates were at 6 percent to 7 percent for short-term loans and 9 percent to 10percent for medium- and long-term loans.
Theforeign exchange rates were also stable in the first half of this year,according to the central bank’s Hanoi branch.-VNA
VNA
