Lending growth hits 19.5% this year in capital
Lending growth hits 19.5% this year in capital
The credit growth of Ha Noi reached 19.5 per cent 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 totaled VND1.208 trillion (US$53.69 million) as of December, in which short-term outstanding loans rose by 17.9 per cent and medium- and long-term outstanding loans rose by 22.3 per cent.
The total capital raised during the past twelve months rose by 21.8 per cent against the same period to total VND1.45 trillion ($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 per cent over the previous year, largely driven by the industry and construction sectors which grew by 9.11 per cent and the service sector which rose by 9.91 per cent.
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 per cent, statistics showed.
The city collected VND146.58 trillion ($6.51 billion) to the budget 2015, 3.5 per cent higher than the estimate for the full year.
