Money supply rises 5.3% in H1
Money supply rises 5.3% in H1
The country's total money supply in the past five months of the year rose 5.3 per cent against December last year to reach VND3.899 trillion (US$181.34 million), according to the State Bank of Viet Nam.
The figure was also 3.88 per cent higher than the same period last year.
Of this amount, deposits made by economic institutions at the end of May increased 2.54 per cent against the 3.58 per cent decrease in the same period last year.
Deposits made by individuals rose 14.26 per cent, down from 15.99 per cent in the same period last year.
The proportion of cash in circulation has fallen sharply to 11.43 per cent from 13.71 per cent at the beginning of the year.
Total outstanding loans for the whole banking system at the end of May were estimated to have grown 3.13 per cent from last December to nearly VND3.188 trillion ($148.27 million).
Of this figure, outstanding credit to industrial and construction sectors made up the largest proportion, with lending for agriculture, forestry and aquaculture saw the fastest growth of 9.18 per cent.
By the end of May, the ratio had crept down to 4.65 per cent from 4.67 per cent a month earlier. The ratio of non-performing loans by credit institutions in the past year remains above 4 per cent, as the central bank released the data in June 2012.
vietnamnews
