November figures on deposits and credit reveal modest monthly increases but handsome increases since beginning of the year.
The Hanoi Statistics Office has released mobilized capital and credit figures for Hanoi in November.
Although interest rates have decreased, total mobilized capital at credit institutions increased against October, to an estimated $60.72 million, up 1.2 per cent month-on-month and 16.2 per cent against December 2014.
Deposits increased 1.2 per cent compared to October and were 14.6 per cent higher than in December 2014. The issuance of valuable papers increased 0.4 per cent month-on-month and 49.2 per cent compared with last December.
Total outstanding credit in Hanoi in November is expected to reach $52.36 million, an increase of 1 per cent against October and 18 per cent against December 2014. Outstanding short-term credit rose 1.2 per cent compared to October and 9.8 per cent compared to December last year, while outstanding mid- and long-term credit increased 0.7 per cent month-on-month and was 32.2 per cent higher than in December 2014.