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 / Hanoinews
Hanoi's credit grows 9.3% in 7 months
Ngoc Thuy 17:18, 2018/07/27
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.
 
Illustration photo.
Illustration photo.
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%.
Other news
16:58, 2025/01/23
Experiencing Vietnamese Tet symphony at Home Hanoi Xuan 2025
The festival promises to bring a new, distinctive and creative touch while preserving and honoring the country's cultural heritage passed down through generations.
20:51, 2025/01/22
Vietnam-Singapore Friendship Association launched in Hanoi to strengthen bilateral ties
The congress adopted the association's charter and outlined its strategic objectives.
22:56, 2025/01/21
Hanoi, HCMC to submit metro plans to National Assembly in February: Deputy PM
The resolution aims to speed up the development of the urban railways in Hanoi and Ho Chi Minh City.
15:18, 2025/01/21
Hanoi integrates administrative procedures into national public service portal
The entire process is digitized and shared among agencies at all levels, saving time and ensuring transparency.
21:53, 2025/01/19
2025 spring book fair opens to boost reading in Hanoi
The 2025 Spring Book Fair promises to establish itself as an annual event that celebrates the importance of books and knowledge.
20:49, 2025/01/19
Traditional essence in Hanoi's Old Quarter Tet celebration program
The activities include worshiping rituals, calligraphy, and folk music.