Log in
Hanoi

Hanoi sees credit grow 5.8% in six months

By the end of June, bad debts accounted for 2.02% of the total outstanding credit and 2.27% of the total outstanding loans.

Total outstanding credit in Hanoi reached VND1,980 trillion (US$87.5 billion) at the end of this June, up 1 % against the previous month and 5.8% versus the end of 2018, the Government Portal reported.
On breaking down, outstanding loans totaled VND1,761 trillion (US$79.4 billion), accounting for 88.9% of the total lending, while outstanding investment reached VND219 trillion (US$9.4 billion), making up the remaining 11.1%.
 
Illustrative photo
Illustrative photo
Short-term outstanding loans stood at VND738 trillion (US$31.5 billion) at end-June, rising 1.1% against the previous month and up 6.2% against December of 2018. Meanwhile, long-term lending increased 1.2% month-on-month to VND1,023 trillion (US$43.7 billion).
VND-denominated loans climbed 6.9% compared to end-2018 to VND1,553 trillion (US$ 66.3 billion) while outstanding loans in foreign currency reached VND208 trillion (US$8.9 billion), up 4.2%.
Meanwhile, total mobilization in the city went up 6.1% from end-2018 to VND3,288 trillion (US$141.1 billion), the portal added.
Credit institutions in Hanoi have focused on improving credit quality and actively handling bad debts.
By the end of June, the credit institutions’ bad debts accounted for 2.02% of the total outstanding credit and 2.27% of the total outstanding loans.
In the first six months of 2019, the credit institutions have strictly complied with the regulations on interest rates. The rates of under six-month-term deposit are relatively steady while those of six months or more tend to increase in the middle of the year, encouraging customers to deposit for longer terms.
Reactions:
Share:
Trending
Most Viewed
Pho Festival 2025: Celebration of Hanoi’s iconic dish

Pho Festival 2025: Celebration of Hanoi’s iconic dish

Hanoi approves construction of US$600 million Tu Lien Bridge

Hanoi approves construction of US$600 million Tu Lien Bridge

Breathtaking transformation of Hanoi's leaf-changing season 

Breathtaking transformation of Hanoi's leaf-changing season 

Hanoi tightens management of conditional businesses

Hanoi tightens management of conditional businesses

THE HANOI TIMES — The Hanoi People's Committee has issued Official Letter No. 1173/UBND-NC on improving the management of security, order, seal management, identity cards and the National Database on Population and Identity cards of certain business sectors.

Hanoi celebrates Vietnam's ethnic diversity

Hanoi celebrates Vietnam's ethnic diversity

THE HANOI TIMES —The Vietnam Ethnic Village of Culture & Tourism, located in the suburbs of Hanoi, will host a series of events under the theme “Cultural Colors of Vietnamese Ethnic Groups.”

Cultural heritage celebrated at thousand-year temple in Hanoi 

Cultural heritage celebrated at thousand-year temple in Hanoi 

THE HANOI TIMES — The traditional commemoration of the passing of Genie Huyen Thien Tran Vu was held on March 31 at Quan Thanh Temple, a special national relic built in the 11th century in Hanoi's Ba Dinh District.

"Silent Contributions 2025" highlights solutions to improve people's lives

"Silent Contributions 2025" highlights solutions to improve people's lives

THE HANOI TIMES — There is a strong need for more targeted solutions to help female workers effectively rebuild their lives after disasters, said Hoang Phuong Thao, Country Director of ActionAid Vietnam at the launch of the 2025 "Silent Contributions" media program on March 31.

Hanoi strengthens management of natural resources

Hanoi strengthens management of natural resources

The Law on Geology and Minerals, set to take effect in July 2025, is expected to improve the oversight of mining activities.