According to the Da Nang branch of the State Bank of Viet Nam, between January and August, the city’s banks have seen a 8.31% increase in their total deposits to around 53,000 billion VND.  Since the end of last year, VND deposits have risen by 9.48% to hit 49,000 billion VND, and those in foreign currencies have dropped by 4.28% to 4,000 billion VND.

During the 8-month period, the total of outstanding loans climbed by 3.47% year-on-year to 52,500 billion VND.  Short-term loans increased by 3.04% to 29,300 billion VND, whilst medium and long-term loans jumped by 4.02% to 23,200 billion VND as compared with late 2012.

Up the end of July, local banks have seen a 0.59% decrease in their bad debts to 1,881 billion VND, accounting for 3.63% of their total outstanding loans.