While medium- and long-term outstanding loans accounted for 53.9 percent of total outstanding loans (it was 55.1 percent at the end of 2016), short-term outstanding loans amounted to 46.1 percent (44.9 percent). A report from NFSC showed that by the end of July 2017, the outstanding loans had increased by 9.3 percent compared with the end of 2016. The State Bank withdrew VND37 trillion from circulation in July and VND48.632 trillion through OMO this year. The lending interest rate began to fall, after the central bank eased the regulatory interest rates and the ceiling interest rates for some privileged sectors. Though the ceiling interest rate is now 6.5 percent, some banks are offering only 6 percent per annum.

Source: VietNamNet News August 20, 2017 05:15 UTC