According to the State Bank – Khanh Hoa Branch, in the early year, deposit and credit in the province has made a good growth...
According to the State Bank – Khanh Hoa Branch, in the early year, deposit and credit in the province has made a good growth. Till end February, 2019, deposit of the whole province reached VND78,920 billion, increasing by VND4,145 billion (5.54% up) year-on-year; credit balance hit VND81,450 billion, increasing by VND12,889 billion (18.8% up). Lending in the first two months reached VND26,806 billion, rising by 18.64%. The credit aimed to production and trade, especially in preferential fields by the government.
At present, VND deposit interest rate for under-1-month terms ranges from 0.1 to 0.5%/year; 4.5 - 5%/year for one-month term; 5.5 - 6.5%/year for 6 - 12 terms; 6.8% - 7%/year for over-12-month terms. VND lending interest rates for priorities range 6 - 6.5%/year for short terms, 8.5 – 10.5%/year for medium and long terms. VND lending interest rates for other fields range from 8.5% - 10.5%/year for short terms, and 9.5% - 11.5% for medium and long terms. VND lending interest rates are 3.5 – 3.7%/year for short terms, and 4 – 6.5%/year for medium and long terms.
N.D
Translated by T.T
