As of March 20, the total money supply increased 3.23 percent from the end of 2017 (compared to 2.88 percent in the same period last year); the mobilised capital of commercial banks swelled 2.2 percent (compared to 2.43 percent in the same period last year); and the credit growth of the economy touched 2.23 percent (compared to 2.81 percent in the same period last year), according to the report of the general Statistical Office (GSO).
The report also shows that deposit rates are rather stable now. The deposit rates in dong are popularly 0.6-1 percent/annum for non-term deposits and less than one-month deposits; 4.3-5.5 percent/annum for one-month to less than six-month deposits; 5.3-6.5 percent/annum for six-month to less than 12-month deposits; and 6.5-7.3 percent/annum for more than 12-month terms.
Popular lending rates of priority sectors are 6-6.5 percent/annum. Lending rates for normal business and production sectors are 6.8-9 percent/annum for short terms; 9.3-11 percent/annum for medium and long terms. For customers with transparent financial situation, short-term lending rates are 4-4.5 percent/annum.
Insurance market in the first three months maintained positive growth. Insurance premium revenue across the market in Q1/2018 was estimated to hike 19 percent year-on-year, of which, life insurance premium revenue increased 28 percent and non-life insurance premium revenue improved nine percent.
