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./.
