Hanoi’s lending growth hits 19.5% this year

Saturday, 2015-12-26 22:08:07
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The credit growth of Hanoi reached 19.5% in 2015.
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NDO/VNA - The credit growth of Hanoi reached 19.5% this year, more than 2 percentage points higher than the banking industry's goal, according to the municipal Statistics Office.

Statistics showed that the outstanding loans totalled VND1.208 trillion (US$53.69 million) as of December, in which short-term outstanding loans rose by 17.9% and medium- and long-term outstanding loans rose by 22.3%.

The total capital raised during the past twelve months rose by 21.8% against the same period to total VND1.45 trillion (US$64.45 million).

According to the statistics office, this was due to the central bank's efforts to boost the credit accessibility for businesses during the year-end months.

Other economic indicators also revealed the capital city's growth this year.

The city's gross regional domestic product (GRDP) rose by 9.24% over the previous year, largely driven by the industry and construction sectors which grew by 9.11% and the service sector which rose by 9.91%.

The statistics office said that the State management agencies, during the past twelve months, raised measures to tackle difficulties for firms while improving the business climate and national competitiveness.

The total retail sales of goods and services of the capital city increased by 11.7%, statistics showed.

The city collected VND146.58 trillion (US$6.51 billion) for the 2015 budget, 3.5% higher than the estimate for the full year.