Hanoi's credit grows 9.3% in 7 months
Total mobilized capital of credit institutions in Hanoi as of end-July grew 1.7% month-on-month and 8.2% compared to December 31, 2017 to reach VND2,854 trillion (US$122.24 billion), according to the Hanoi Statistics Office.
Total outstanding loans at banks in Hanoi at the end of July reached VND1,748 trillion (US$74.88 billion), up 1.8% month-on-month and 9.3% compared to the end of 2017, stated the municipal Statistics Office.
Of the total, VND-denominated loans stood at VND1,336 trillion (US$US$57.22 billion), up 1.6% month-on-month and 9.8% over the end of last year, while lending in foreign currencies climbed 2.5% month-on-month to VND192 trillion (US$8.22 billion), up 9% compared to the end of 2017.
During the January - July period, total mobilized capital of credit institutions in Hanoi grew 1.7% month-on-month to VND2,854 trillion (US$122.24 billion), up 8.2% compared to December 31, 2017.
Upon breaking down, credit for small and medium enterprises (SMEs) accounted for 36.9% of the total lending, the export sector 9.7%, consumer lending 8.8%, real estate sector 7.6%, and agriculture 8.2%.
In the first half of 2018, Hanoi's gross regional domestic products (GRDP) rose 7.07% against the same period of last year, in which service and industrial sectors played a major part
In 2018, Hanoi aims to achieve a GRDP growth target of 7.3-7.8%. The city also expects to have over 50,000 newly established enterprises (including business households transformed into enterprises) this year.
Along with this target, Hanoi strives to grow its service sector by 6.9-7.5% and those of industry and construction sectors by 8.2%-8.7%. Additionally, export turnover growth is expected to reach 7.5-8%.
Illustration photo.
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During the January - July period, total mobilized capital of credit institutions in Hanoi grew 1.7% month-on-month to VND2,854 trillion (US$122.24 billion), up 8.2% compared to December 31, 2017.
Upon breaking down, credit for small and medium enterprises (SMEs) accounted for 36.9% of the total lending, the export sector 9.7%, consumer lending 8.8%, real estate sector 7.6%, and agriculture 8.2%.
In the first half of 2018, Hanoi's gross regional domestic products (GRDP) rose 7.07% against the same period of last year, in which service and industrial sectors played a major part
In 2018, Hanoi aims to achieve a GRDP growth target of 7.3-7.8%. The city also expects to have over 50,000 newly established enterprises (including business households transformed into enterprises) this year.
Along with this target, Hanoi strives to grow its service sector by 6.9-7.5% and those of industry and construction sectors by 8.2%-8.7%. Additionally, export turnover growth is expected to reach 7.5-8%.
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