Vietnam's credit growth rate reached 2.78 percent in the first fourmonths this year – the highest in three years, according to the NationalFinance Supervision Council (NFSC).
The NFSC noted that the loan-to-deposit ratio in February was 84 percent.
Itadded that the country's economy has experienced a clear recovery withmacroeconomic stability that has encouraged rapid and sustainablegrowth.
The latest report issued by the NFSC early this weekshowed that the total demand saw many positive changes, with the totalinvestments in the first quarter of the year rising 9.1 percent over thesame period last year.
By April 20, this year's credit growthreached 2.78 percent, much higher than the 0.53-percent increase duringthe corresponding period last year. The FDI disbursement during thefirst four months of the year reached 4.2 billion USD, posting a5-percent year-on-year rise, while investments from the state budgetrose 2.4 percent from last year.
In addition, consumption alsoimproved. The total retail of goods and services, excluding a price riseduring the four-month period, rose by 8 percent over the same periodlast year.
The industrial and construction sectors also made a strong recovery, contributing to the high growth rate.
TheIndex of Industrial Production posted a 9.4-percent year-on-yearincrease. In this, the processing and manufacturing industry grew by 10percent from 2014.
The construction sector and property tradingactivities also improved, with their growth rates in the first quarterof the year reaching 4.4 percent and 2.55 percent, respectively.
Averagerevenue, assets, and equity enterprises posted a growth rate of 19.61percent, 19.51 percent, and 18.9 percent, respectively.
Business sentiments among Vietnamese firms have also recovered despite many obstacles.
Small and medium enterprises regained a positive growth rate of 28.31 percent, the highest since 2009.-VNA