Hanoi banks target 27 percent rise in capital
Hanoi's banking sector aims to increase total capital mobilisation by
25-27 percent in 2011, compared to the previous year's figures and boost
total outstanding loans by 23-25 percent to contribute to the capital's
economic development.
Hanoi's banking sector aims to increase total capital mobilisation by
25-27 percent in 2011, compared to the previous year's figures and boost
total outstanding loans by 23-25 percent to contribute to the capital's
economic development.
Hoang Manh Hien, vice chairman of the Hanoi People's Committee, said Hanoi targets a 12-percent GDP (Gross Domestic Products) growth this year and to complete such a high target needs support from all ministries and especially the banking sector.
As of December 31, total mobilisation of Hanoi-based credit institutions surpassed 767.68 trillion VND (36.55 billion USD), a year-on-year increase of 31.1 percent, which exceeded the annual target with a 28-30 percent increase.
Deposits in dong (VND) were up by 38.6 percent and US dollar (USD) deposits increased 12.5 percent.
Last year, there were 494.77 trillion VND in total outstanding loans, a 31.2 percent increase over the same period in 2009. The amount exceeded the 2010 target of 25-27 percent growth. Loans in VND rose by 25.1 percent and foreign currency loans increased by 46.7 percent.
Hien said he appreciated the contributions that local banks made to Hanoi's economic achievements last year, particularly with the capital's 11-percent growth in GDP.
He stressed the important support provided by local banks that helped to create a sound and sustainable economic infrastructure, especially by boosting lending to rural areas, exporters and medium and small enterprises.
Since last November when interest rates tended to rise abnormally, the central bank's Hanoi branch and bankers' association jointly called for consensus from 12 commercial banks in the area to limit interest rate hikes, which would help to stabilise the currency market.
Last year, commercial banks in the locality also focused on developing new and modern banking services. To date, 3,248 state-owned units in Hanoi opened 158,048 bank accounts for employees.
On the occasion of the 1,000th birthday of Thang Long-Hanoi, local banks invested in 1,994 ATMs (Automatic Teller Machine) and 11,000 POS (Point of Sale) machines as part of the first pilot project that is working to connect POS systems in the city./.
Hoang Manh Hien, vice chairman of the Hanoi People's Committee, said Hanoi targets a 12-percent GDP (Gross Domestic Products) growth this year and to complete such a high target needs support from all ministries and especially the banking sector.
As of December 31, total mobilisation of Hanoi-based credit institutions surpassed 767.68 trillion VND (36.55 billion USD), a year-on-year increase of 31.1 percent, which exceeded the annual target with a 28-30 percent increase.
Deposits in dong (VND) were up by 38.6 percent and US dollar (USD) deposits increased 12.5 percent.
Last year, there were 494.77 trillion VND in total outstanding loans, a 31.2 percent increase over the same period in 2009. The amount exceeded the 2010 target of 25-27 percent growth. Loans in VND rose by 25.1 percent and foreign currency loans increased by 46.7 percent.
Hien said he appreciated the contributions that local banks made to Hanoi's economic achievements last year, particularly with the capital's 11-percent growth in GDP.
He stressed the important support provided by local banks that helped to create a sound and sustainable economic infrastructure, especially by boosting lending to rural areas, exporters and medium and small enterprises.
Since last November when interest rates tended to rise abnormally, the central bank's Hanoi branch and bankers' association jointly called for consensus from 12 commercial banks in the area to limit interest rate hikes, which would help to stabilise the currency market.
Last year, commercial banks in the locality also focused on developing new and modern banking services. To date, 3,248 state-owned units in Hanoi opened 158,048 bank accounts for employees.
On the occasion of the 1,000th birthday of Thang Long-Hanoi, local banks invested in 1,994 ATMs (Automatic Teller Machine) and 11,000 POS (Point of Sale) machines as part of the first pilot project that is working to connect POS systems in the city./.
You should also see
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
