JavaScript is off. Please enable to view full site.

Vietnam bank lending up 3.26% as of end-June from end-2019

Friday, July 03, 2020, 18:58 GMT+7
Vietnam bank lending up 3.26% as of end-June from end-2019
A Vietnamese flag flies atop the State Bank building in central Hanoi. Photo: Reuters

HANOI -- Vietnam reported a 3.26% increase in bank lending as of the end of June from the end of last year, the country’s central bank governor said on Friday.

The Southeast Asian country’s economic growth traditionally relies heavily on increased credit, though authorities have been trying to reduce this reliance.

“The central bank is willing to raise its caps on credit growth for local commercial banks during the rest of this year to support economic growth,” governor Le Minh Hung said in a statement on a government website.



Read more




Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news