Total national lending contracted 0.59 percent in the first four months, reaching about 2,617 trillion VND (125.82 billion USD) on April 30, the State Bank of Vietnam has announced.
This was the first time the central bank had systematically publicised data involving credit activities since Circular 35/2011/TT-HNNN, a document it issued to stimulate timely monetary and banking information, became effective on April 1.
Lending for manufacturing and processing industries represented the largest ratio in the total outstanding loans, increasing 5.19 percent to reach nearly 607.85 trillion VND (29.22 billion USD).
Wholesale, retail and automobile and motorcycle repair followed closely with an outstanding loan of 524.07 trillion VND (25.20 billion USD), although lending for these areas declined 1.83 percent.
In four months, banks raised nearly 2,534 trillion VND (120.7 million USD) from people and enterprises, up 3.6 percent over the end of last year.
While money mobilised from the people increased sharply by 11.78 percent to total 1,450 trillion VND (69.71 billion USD) over the period, enterprise deposits fell by 5.6 percent, reaching 1,084 trillion VND (52.12 billion USD).
Nguyen Duc Hung Linh, director in charge of research and investment advise at Saigon Securities Inc (SSI), told vneconomy.vn that the decline in company deposits was attributed to economic difficulties having whittled profits away.
Many firms deprived of capital are hoarding money to lend to each other instead of depositing at banks, he said.
Total money supplies mounted to around 3,036 trillion VND (145.96 billion USD) at the end of April after increasing 3.14 percent in the first four months, the SBV reported.
SSI analysts said the money supply increase is due to the central bank having pumped about 180 trillion VND (8.65 billion USD) into the market to buy US dollars.
On April 30, the ratio of outstanding loans on deposits reached a general level of 86 percent, according to the SBV. Joint-stock banks, with a specific ratio of 77.6 percent, were showing more security than State-owned banks, with 107.8 percent.
Joint-venture and foreign banks had the highest capital security rate of 32.54 percent, doubling the general level of the banking system at 14.55 percent.
State-run banks proved more profitable with a return on assets (ROA) ratio of 0.43 percent and a return on equity (ROE) of 4.87 percent, both nearly doubling those of joint stock banks.-VNA
This was the first time the central bank had systematically publicised data involving credit activities since Circular 35/2011/TT-HNNN, a document it issued to stimulate timely monetary and banking information, became effective on April 1.
Lending for manufacturing and processing industries represented the largest ratio in the total outstanding loans, increasing 5.19 percent to reach nearly 607.85 trillion VND (29.22 billion USD).
Wholesale, retail and automobile and motorcycle repair followed closely with an outstanding loan of 524.07 trillion VND (25.20 billion USD), although lending for these areas declined 1.83 percent.
In four months, banks raised nearly 2,534 trillion VND (120.7 million USD) from people and enterprises, up 3.6 percent over the end of last year.
While money mobilised from the people increased sharply by 11.78 percent to total 1,450 trillion VND (69.71 billion USD) over the period, enterprise deposits fell by 5.6 percent, reaching 1,084 trillion VND (52.12 billion USD).
Nguyen Duc Hung Linh, director in charge of research and investment advise at Saigon Securities Inc (SSI), told vneconomy.vn that the decline in company deposits was attributed to economic difficulties having whittled profits away.
Many firms deprived of capital are hoarding money to lend to each other instead of depositing at banks, he said.
Total money supplies mounted to around 3,036 trillion VND (145.96 billion USD) at the end of April after increasing 3.14 percent in the first four months, the SBV reported.
SSI analysts said the money supply increase is due to the central bank having pumped about 180 trillion VND (8.65 billion USD) into the market to buy US dollars.
On April 30, the ratio of outstanding loans on deposits reached a general level of 86 percent, according to the SBV. Joint-stock banks, with a specific ratio of 77.6 percent, were showing more security than State-owned banks, with 107.8 percent.
Joint-venture and foreign banks had the highest capital security rate of 32.54 percent, doubling the general level of the banking system at 14.55 percent.
State-run banks proved more profitable with a return on assets (ROA) ratio of 0.43 percent and a return on equity (ROE) of 4.87 percent, both nearly doubling those of joint stock banks.-VNA
