Data of the general Statistical Office (GSO) showed that the growth rate of capital mobilisation and credit continued to be lower than the same period of last year. As of September 20th 2019, the total means of payment increased by 8.44 percent compared to the end of 2018, while the growth in the same period last year was 8.74 percent. The capital mobilisation of credit institutions (CIs) increased by 8.68 percent (9.15 percent in the same period of 2018), and the credit growth of the economy increased by 8.4 percent (9.52 percent in the same period of 2018).
The average mobilisation and lending rate level of CIs was fairly stable with slight increase in mobilisation interest rates of some banks, mainly on medium and long-terms to ensure the term balance and capital safety ratio in banking operations.
According to the GSO, the current mobilisation interest rate level in dong is popular at 4.5-5.5 percent per annum for deposits with terms from one month to less than six months, 5.5-6.8 percent per annum for deposits with terms from six months to less than 12 months, and 6.6-7.5 percent per annum for deposits with terms from 12 months and more. The popular lending rate in dong is popular at about six to nine percent per annum on short terms and nine to 11 percent per annum on medium and long terms. The credit structure continued to focus on business and production areas, particularly priority areas. Meanwhile, credit to the sectors with potential risks was controlled strictly, ensuring banking operation safety.
In insurance sector, the business performance in the third quarter 2019 continued to be high at an estimated 19 percent compared to the same period of last year, in which the life-insurance revenue increased by 23 percent and non-life insurance revenue rose up by 12 percent. As estimated, the insurance revenue of the entire market in the first nine months of 2019 developed by 20 percent over the same period of 2018, in which the growth of life insurance was 22 percent and of non-life insurance was 12 percent.
The stock market in the first nine months of 2019 made significant contribution to the economy’s capital mobilisation with a total mobilisation reaching 203,500 trillion dong, up by two percent over the same period of last year.
As of September 24th 2019, the stock market capitalisation reached 4,504 trillion dong, up by 13.7 percent over the end of 2018. Currently, the market has 746 stocks and listed fund certificates; 852 shares registered on the Unlisted Public Company Market (UPCoM) with a total listed and registered value of nearly 1,372 trillion dong, up by 13.4 percent over the end of 2018. On the bond market, there are 511 listed bond codes with listed value of 1,142 trillion dong, up by two percent compared to the end of 2018.
