Loan demand rises as from March
Financial institutions have reported a rise in the demand for loans
since the beginning of March, according to a survey conducted by the
Monetary Forecast and Statistics Department under the State Bank of
Vietnam.
Financial institutions have reported a rise in the demand for loans
since the beginning of March, according to a survey conducted by the
Monetary Forecast and Statistics Department under the State Bank of
Vietnam.
According to the survey, the respondents expect the banking system’s average credit growth will increase to 16.93 percent this year from the 14.57 percent forecast at the previous survey last December.
Meanwhile, they anticipate slight decrease in both deposit and lending interest rates.
Raising capital is forecast to increase by nearly 15 percent from the previous forecast rate of 14.35 percent, with capital mobilization in Vietnam dong to grow faster than that in foreign currency.
Most of the financial institutions involved believe long-term deposits, particularly those of 6-month and longer terms, will increase in the second quarter towards the end of the year.-VNA
According to the survey, the respondents expect the banking system’s average credit growth will increase to 16.93 percent this year from the 14.57 percent forecast at the previous survey last December.
Meanwhile, they anticipate slight decrease in both deposit and lending interest rates.
Raising capital is forecast to increase by nearly 15 percent from the previous forecast rate of 14.35 percent, with capital mobilization in Vietnam dong to grow faster than that in foreign currency.
Most of the financial institutions involved believe long-term deposits, particularly those of 6-month and longer terms, will increase in the second quarter towards the end of the year.-VNA
You should also see
InfographicCommemoration of Hung Kings - Gathering the spirit of patriotism
The Commemoration of the Hung Kings and the Hung Kings Temple Festival are among the most important festivals of the year for Vietnamese people. The worship of the Hung Kings is not only part of the cultural identity of the Vietnamese community but has also transcended national boundaries to become an Intangible Cultural Heritage of Humanity.
See more
Business
Thu Duc city seeks investment in 11 PPP projects
Authorities of Thu Duc city, Ho Chi Minh City, held a conference on April 17 to draw investment in 11 public-private partnership (PPP) projects in the fields of education, culture and sports, with a total capital of over 2 trillion VND (83.3 million USD).
Videos
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
Business
Petrol prices increase slightly on April 17
The retail prices of petrol were adjusted up from 3pm on April 17 by the Ministry of Industry and Trade and the Ministry of Finance.
