Credit growth rose slightly in January, a good start for efforts toachieve a credit growth of 13 -15 percent this year, reported the CongThuong (Industry and Trade) newspaper.
Accordingto Hanoi’s Statistics Department, during the first month of this year,total capital mobilisation was estimated at over 1,204 trillion VND(56.4 billion USD) in January, up 1.1 percent against the previousmonth. Lending rose by 0.7 percent to 1,017 trillion VND (47.7 billionUSD).
Meanwhile, in Ho Chi Minh City, bankersmobilised approximately 1,355 trillion VND (63.6 billion USD) in HCMCity, up 0.83 percent from the previous month. The city's lending inJanuary has risen by 1 percent to 1,078 trillion VND (50.6 billionUSD).
The positive results were attributable to the launch of several credit packages with preferential interests, the paper said.
Forinstance, VietinBank has offered loans for auto purchase at an annualinterest rate of 7 percent, while VIB announced a short-term lendingpackage of 1 trillion VND (47 million USD) at an interest rate of from8.49 percent for a year.
Most creditors agreed that to achievethe growth target, it is necessary to have further support localitiesand the State bank so as to deal with bad debts and facilitateenterprises to access available loans.
Economics experts noted that the interest rate was in a downward spiral over the last two years.
Botheconomists and the National Financial Monitoring Committee recommendbankers to continue following the trend with more interest cut made inmid- and long-term loans.-VNA
Accordingto Hanoi’s Statistics Department, during the first month of this year,total capital mobilisation was estimated at over 1,204 trillion VND(56.4 billion USD) in January, up 1.1 percent against the previousmonth. Lending rose by 0.7 percent to 1,017 trillion VND (47.7 billionUSD).
Meanwhile, in Ho Chi Minh City, bankersmobilised approximately 1,355 trillion VND (63.6 billion USD) in HCMCity, up 0.83 percent from the previous month. The city's lending inJanuary has risen by 1 percent to 1,078 trillion VND (50.6 billionUSD).
The positive results were attributable to the launch of several credit packages with preferential interests, the paper said.
Forinstance, VietinBank has offered loans for auto purchase at an annualinterest rate of 7 percent, while VIB announced a short-term lendingpackage of 1 trillion VND (47 million USD) at an interest rate of from8.49 percent for a year.
Most creditors agreed that to achievethe growth target, it is necessary to have further support localitiesand the State bank so as to deal with bad debts and facilitateenterprises to access available loans.
Economics experts noted that the interest rate was in a downward spiral over the last two years.
Botheconomists and the National Financial Monitoring Committee recommendbankers to continue following the trend with more interest cut made inmid- and long-term loans.-VNA
