During the same period, the M2 money supply increased by 8.74%, while funds mobilized by credit institutions went up 9.15%.

During the same period, the M2 money supply increased by 8.74%.

The interest rates ranged between 0.6% and 1% for non-term deposits and deposits of less than one month, 4.3%-5.5% for deposits with terms of one to less than six months, and 5.3%-6.5% for deposits with terms of 6 months to less than 12 months.

Deposits with terms of over 12 months enjoyed interest rates of 6.5%-7.3%.

The lending rates were between 6% and 9% for short-term loans and 9-11% for medium and long-term loans, while customers with good ratings could secure short-term loans at just 4%-5%.

According to the GSO, the insurance business continued to record high growth in the third quarter, expanding by an estimated 18% against the same period of last year, with revenues of general insurance and life insurance up by 14% and 20%, respectively.

The business’s revenues in the first nine months of 2018 rose 22%, with general insurance and life insurance increasing by 13% and 27%, respectively.

Social housing credit package of VND1 trillion to be launched in 2018

A preferential loan package of VND1 trillion (US$44 million) in support of affordable home purchases will be carried out in 2018, with a projected interest rate of 4.8% per year, pursuant to the Government Decision No.370.

 

Addressing issues related to credit, high-tech agriculture market

(BGO) – The Bac Giang province People’s Committee on April 3 organized a meeting to review the implementation of Resolution No. 130-NQ/TU dated August 16, 2016 of the provincial Party Committee’s Standing Board on pushing high-tech application in agricultural production during 2016-2020. The meeting was presided over by Vice Chairman of the provincial People’s Committee Duong Van Thai.  

 

Source: NDO