5:06:28 PM | 20/3/2009
Hanoi-based banks and credit institutions are expected to raise VND460 trillion (US$27.233 billion) by end-March, up 1.35 per cent on month and up 25 per cent on year, the State Bank of Vietnam, the country’s central bank, said.
The banks and credit institutions will have loaned VND276.156 trillion (US$16.34 billion) by then, up 27.4 per cent on year, the SBV said.
Banks in Vietnam had loaned more than VND144 trillion of soft loans as of March 13, the sixth week of the government’s interest rate subsidy program, and expected to lend VND420 trillion by end-2009.
Vietnam expected GDP growth of 5 per cent to 6 per cent to be mainly driven by the domestic demand this year, First Deputy Prime Minister Nguyen Sinh Hung told a business meeting with international economists on March 17.
Governor of the SBV Nguyen Van Giau said Vietnam will continue flexible monetary policies and curb non-performing loans of the banking systems at below 3.5 per cent. (VNA)
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