Credit growth in the national economy reached 2.23 percent in the first quarter of this year, compared with 2.81 percent in the year-ago period, according a report of the general Statistical Office.
The report was quoted by news website Nguoi Dong Hanh as saying that money supply rose 3.23 percent against late 2017, and 2.88 percent year-on-year.
Capital mobilisation by commercial banks increased 2.2 percent against late last year, and 2.43 percent from a year earlier.
The report also indicates interest rates for dong are at 0.6-1 percent a year for call deposits. The figures range from 4.3 percent to 7.3 percent for deposits of one month and over 12 months.
Lending interests for sectors high on the government’s lists of priority are 6-6.5 percent a year. The rates for other production and trade sectors are 6.8-9 percent for short-term loans, and 9.3-11 percent for medium- and long-term loans.
The insurance market in quarter one also grew in a positive manner. The total insurance premium revenue rose by an estimated 19 percent against the year-ago period, of which life and non-life insurance increased 28 percent and 9%, respectively.
http://english.thesaigontimes.vn/59148/Credit-growth-reaches-223-in-quarter-one.html
