Banks’ January mobilization nearly unchanged

Posted on 08 February 2010

VNStockNews.com – Mobilization of all credit institutions in the first month of 2010 increased by only 0.3% from late last year, according to the latest report of the State Bank of Vietnam.Outstanding loans as of late January had risen by 1% from late December. Although January’s credit growth was not as high as in previous months, it was fairly high compared to January’s mobilization

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Banks’ January mobilization nearly unchanged

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making