Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Finance  >> Lending rises 5.4% since December
NEWS UPDATES Asean Affairs   30 August 2013  
Lending rises 5.4% since December

Vietnam:Lending figures on August 20 showed a growth of 5.4 per cent since last December, while non-performing loans and lagging demand continued to blight the nation's economy, according to data from the General Statistics Office (GSO).

The results showed only a minor increase on July data released by the State Bank of Viet Nam, which indicated a 5.3 per cent surge since the end of last year.

Despite low growth in lending, total deposits and total money supply remained consistent with previous years. Deposits surged 9.48 per cent while official money supply rose 8.35 per cent, according to the GSO.

The 8-month figure is less than half of the 12 per cent growth target for 2013.

The director of the Central Bank's Monetary Policy Department, Nguyen Thi Hong, last week said the target would likely be achievable as lending often grew strongly at the end of the year.

In order to meet the 12 per cent growth target, lending will need to increase 1.3 per cent every month until the end of 2013, she added.

Hong said the central bank would see the boost of lending as one of its key priorities for 2013. The central bank is currently developing measures to lend the VND30 trillion housing support package.

Hong also called on the participation of other relevant ministries and bodies to boost lending and consumption.

Measures on credit guarantee will also be developed to help businesses access credit, Hong said.

Market insiders said lending rates had not prevented firms from accessing loans; noting that rates had been cut by up to 4 per cent to a 9-10 per cent annual rate for short-term loans.

Many enterprises with healthy credit ratings have also been able to secure interest rates at around 7 per cent.

The central bank is also finalising the legal framework to settle non-performing loans in Viet Nam's sector.

According to the latest data from SBV, non-performing loans have decreased for the second consecutive month to 4.46 per cent of total credits, down 19 per cent from May this year.

Bad debts increased continuously in the first four months of the year, up from 4.08 per cent late last year.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    30  August 2013 Subsribe Now !
• Armstrong Fund raises $130 million at third closing Subcribe: Asean Affairs Global Magazine
• Malaysian arrested for desecrating Indonesia flag Asean Affairs Premium
• Mekong nations discuss basin development
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Vietnam, Russian trade grows to $3.7bn
• Lending rises 5.4% since December
• PHL economy grows 7.5 percent in Q2, faster than Asian neighbors
• Cambodian casinos may be at risk
Asean Analysis           30 August 2013 Advertise Your Brand
• Asean Analysis- August 30, 2013
• Asean Weekly:The Biweekly Update 23 August 2013
Asean Stock Watch     29 August  2013
• Asean Stock Watch-August 29, 2013 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand