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Lending in Dong Nai Province soars

Update: September, 13/2013 - 11:15
Outstanding loans of commercial banks in the southern province of Dong Nai increased 6.35 per cent between December and August, according to the State Bank of Viet Nam's Dong Nai branch.— Photo baodongnai

DONG NAI (VNS) — Outstanding loans of commercial banks in the southern province of Dong Nai increased 6.35 per cent between December and August, according to the State Bank of Viet Nam's Dong Nai branch.

Loans to small- and medium-sized firms accounted for nearly 25 per cent of the VND72 trillion (US$3.27 billion) in total. Lending to agricultural industries made up 15.8 per cent and 11.7 per cent went to import and export sectors.

Director of the Dong Nai branch Tran Quoc Tuan said that the branch aimed for credit growth of 16-18 per cent this year, though it would have to make great efforts to meet this target as only 30 per cent had been reached in the past eight months.

By the end of August, commercial banks in the province attracted VND86.8 trillion in deposits, up 9.57 per cent against December. — VNS

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