CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
Credit reachs the highest growth rate in the past three years
Thu Minh 14:29, 2015/06/25
According to the State Bank of Vietnam (SBV), Vietnam`s credit growth rate increased by 6.09 % as of June 15 compared to the end of 2014 and nearly 19% from the same period last year. Vietnam recorded the highest credit growth rate in the past three years.
Banks offered a substantial amount of credit to agriculture and rural development with outstanding loans by June 30 increasing by 7.71 % from December 31 last year. 
Credit growth was also seen by the end of March in the 4 other prioritised fields, including export (3.9%), small - and medium-sized enterprises (1.88%), prioritised industries (0.2%), and businesses applying hi-tech (24.02%).
 
Photo for illustration
Photo for illustration
Interest rates for over-six-month deposits are still stable, overall deposit and lending interest rates were cut by 0.2-0.5% and 0.2-0.3% a year, respectively. 
Deputy Governor of SBV Nguyen Thi Hong reiterated at the press conference on June 23 that the SBV will keep the fluctuations of the VND/USD exchange rate below 2% in 2015, as set in its policy for the year, though the rate has already been adjusted by 1% twice this year.
Comments
Other news
16:48, 2025/02/27
Local banks cut interest rates in response to PM’s request
The rate cuts come in response to the Prime Minister’s directive to inspect and review banks that have recently increased deposit rates.
15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
Credit institutions headquartered in these financial centers will not be bound by restrictions on to foreign ownership or foreign investment conditions when providing services there or across borders.
14:30, 2025/02/15
Hanoi expands cashless parking pilot program
Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.
16:58, 2025/02/11
Prime Minister urges banks to prioritize economic support over profits
One of the key priorities for the banking sector is to support small and medium-sized enterprises (SMEs), as they generate a large number of jobs and contribute significantly to the economy.
17:23, 2025/02/07
Vietnamese Gov’t forecasts CPI growth of up to 4.5% in 2025
With the goal of at least 8% GDP growth, the money supply in the economy will be significantly larger than in 2024. This will have an impact on price indices, particularly consumer prices.
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.