Total outstanding loan up 24.8% in 9 months

During the first 9 months, lending interest rates were adjusted flexibly to create a favorable capital supply for businesses. The average lending interest rate was at 6-7% to short-term loans, 9-10% to med- and long-term loans. Thus, total outstanding loan in the province reached VND111,560 billion, up 17.2% and up 24.8% year-on-year. To achieve a good increase of outstanding balance, commercial banks have launched attractive programs, improve service quality; thus, total deposit reached VND136,054 billion, up 17.7 % compared to the year’s beginning and up 26% year-on-year.

According to State Bank of Vietnam (SBV) - Binh Duong branch, in the last months of 2016, the credit structure is shifting towards production, business activities, prioritized areas to support more efficiently the economic growth, real estate credit, and risky areas that are controlled and do not affect real estate credit in social housing projects, projects for real needs of the people..

Reported by Thanh Hong – Translated by Ngoc Huynh