Total mobilized capital in the province to reach VND120,964 billion

During the first quarter 2016, total mobilized capital in the province was estimated at VND120,964 billion, up 17.4% year-on-year; including 61% residential deposits, and 39% deposits of economic entities. Deposit increase has created favorable conditions for credit institutions to increase the capital availability for the economy. Accordingly, total outstanding loans of the first quarter reached VND96,961 billion, up 17% year-on-year.

According to State Bank of Vietnam - Binh Duong branch, with operating solutions implementing flexible monetary policy, in the first 3 months, credit institutions in the province have helped to stimulate deposit capital inflow to bank, and strengthen advantages to stimulate credit growth at the expected rate of 15 -17% in 2016.

Reported by Thanh Hong – Translated by Ngoc Huynh