Shopping-goers tour nocturnal market in downtown Hanoi. (Photo: www.doisongphapluat.com)
Data of the municipal Statistics Office showed that short-term lending in the city has increased 9.8% in the 11-month period while medium- and long-term lending has jumped 32.2%.
Despite reductions in deposit interest rates, total mobilization at banks is likely to have risen 1.2% month-on-month and 16.2% from the end of 2014 to 1,383 trillion dong ($61.5 billion), the office said.
Prime Minister Nguyen Tan Dung told the National Assembly on November 18 that total credit in the Vietnamese banking system is likely to expand 14.5%-15% in the January-November period and may exceed 17% this year.