Outstanding credit in HCM City and Dong Nai reaching $240bln
Credit remaining focused on production and business, trade and services.
Deposit balance to soon return to normal
Production and business activities were halted due to Covid-19 last year and deposit interest rates were low, so the deposit balance of corporate customers far exceeded that of individual customers. According to analysts, this abnormal situation will soon return to normal as Vietnam’s economy recovers.
Bank deposits by economic organizations on the rise
Data from the State Bank of Vietnam (SBV) reveals that total bank deposits by Vietnamese economic organizations this year stood at more than VND5.03 quadrillion ($218.6 billion) as of the end of May, up 3.26 per cent compared to the end of last year. In May, such organizations deposited VND59.12 trillion ($2.56 billion), accounting for four-fifths of net additional deposits.