Liquidity in Vietnam banking system rises 2.4 pct in May

Liquidity in Vietnam’s banking system increased 2.4 percent in May from April, the country’s central bank said in a statement on its website.

Deposits at lenders advanced 2.5 percent from the previous month, with those denominated in Vietnamese dong rising 2.9 percent and savings in foreign currencies gaining 1.2 percent, according to the statement.

The State Bank of Vietnam estimated total deposits increased 7.8 percent in the first five months of the year.

Credit grew 1.9 percent in May from April, with dong-denominated loans rising 1.5 percent and loans in foreign currency advancing 3.2 percent, the central bank said.

Tags: vietnam bank, Vietnam finance, Vietnam financial

Posted by VBN on Jun 6 2010. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry