Total mobilized funds to be estimated at over VND127,000 billion

This is a newly announced remarkable figure for credit sources in the province in the first 6 months of 2016. Accordingly, total mobilized credit funds has increased 10.2% compared to earlier this year and up 14.9% over the same period. In particular, deposits of economic entities accounted for 38.8%, residential deposits accounted for 60.5 % of total mobilized funds, and others were valuable papers. Loans outstanding balance in the province reached more than VND104,000 billion, up 9.3% compared with the beginning of 2016 and 15.9% over the same period.

In addition, bad debt across the province also decreased about VND956 billion, accounting for 0.9% of total loans. Interest rates of banks were flexible. To agricultural sector, rural areas, small and medium-sized enterprises, auxiliary industries, the common interest rate was 6-7%/year for the short term and 9-10%/year for the medium and long term. Lending interest rates of business production was at 6.8 - 9%/year for short-term and 9-11%/year for the medium and long term...

Reported by M.Nguyen – Translated by Ngoc Huynh