Total outstanding loans at banks in Hanoi at the end of July reached VND1,748 trillion (US$74.88 billion), up 1.8% month-on-month and 9.3% compared to the end of 2017, stated the municipal Statistics Office.
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During the January - July period, total mobilized capital of credit institutions in Hanoi grew 1.7% month-on-month to VND2,854 trillion (US$122.24 billion), up 8.2% compared to December 31, 2017.
Upon breaking down, credit for small and medium enterprises (SMEs) accounted for 36.9% of the total lending, the export sector 9.7%, consumer lending 8.8%, real estate sector 7.6%, and agriculture 8.2%.
In the first half of 2018, Hanoi's gross regional domestic products (GRDP) rose 7.07% against the same period of last year, in which service and industrial sectors played a major part
In 2018, Hanoi aims to achieve a GRDP growth target of 7.3-7.8%. The city also expects to have over 50,000 newly established enterprises (including business households transformed into enterprises) this year.
Along with this target, Hanoi strives to grow its service sector by 6.9-7.5% and those of industry and construction sectors by 8.2%-8.7%. Additionally, export turnover growth is expected to reach 7.5-8%.
