Vietnam's credit growth rate reached 2.78 percent in the first four months this year – the highest in three years, according to the National Finance Supervision Council (NFSC).

The NFSC noted that the loan-to-deposit ratio in February was 84 percent.

It added that the country's economy has experienced a clear recovery with macroeconomic stability that has encouraged rapid and sustainable growth.

The latest report issued by the NFSC early this week showed that the total demand saw many positive changes, with the total investments in the first quarter of the year rising 9.1 percent over the same period last year.

By April 20, this year's credit growth reached 2.78 percent, much higher than the 0.53-percent increase during the corresponding period last year. The FDI disbursement during the first four months of the year reached 4.2 billion USD, posting a 5-percent year-on-year rise, while investments from the state budget rose 2.4 percent from last year.

In addition, consumption also improved. The total retail of goods and services, excluding a price rise during the four-month period, rose by 8 percent over the same period last year.

The industrial and construction sectors also made a strong recovery, contributing to the high growth rate.

The Index of Industrial Production posted a 9.4-percent year-on-year increase. In this, the processing and manufacturing industry grew by 10 percent from 2014.

The construction sector and property trading activities also improved, with their growth rates in the first quarter of the year reaching 4.4 percent and 2.55 percent, respectively.

Average revenue, assets, and equity enterprises posted a growth rate of 19.61 percent, 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