Vietnam Banks Boost Soft Loans to VND375.926T since Early Feb

Banks and financial companies in Vietnam have increased soft loans to VND375.926 trillion (US$22.113 billion) since early February, according to the State Bank of Vietnam.

 

In the week ending July 9, they added VND3.654 trillion (US$214.941 million) to the domestic economy, up 0.98 per cent from a week earlier, the SBV noted.

 

State-owned banks and people’s funds made soft loans of VND266.767 trillion, up 0.36 per cent, commercial joint stock banks lent VND87.165 trillion, up 2.03 per cent, joint venture and foreign banks loaned VND18.263 trillion, up 4.84 per cent and financial companies lent VND3.73 trillion, up 3 per cent.

 

Banks and financial companies lent VND58.155 trillion to state-owned companies, loaned VND248.487 trillion to non-state firms, and loaned VND69.283 trillion to households and individuals. (SBV)