Capital mobilization of commercial banks grew by 2.20% (an increase of 2.43% in the same period last year). Credit growth of the economy reached 2.23% (in the corresponding period last year it put up by 2.81%).

Current mobilizing interest rates were relatively stable. The VND mobilizing interest rates were commonly at 0.6-1% p.a for demand term and below 1 month terms; 4.3-5.5% p.a for 1 to below 6 month terms; 5.3-6.5% p.a for 6 to 12 month terms; 6.5-7.3% p.a for over 12 month terms. Lending interest rates for priority fields were commonly at 6-6.5% p.a. Lending interest rates for production and business were commonly at 6.8-9% p.a for short term loans, 9.3-11% p.a for medium and long term loans. For the group of customers with transparent financial situation, short term lending interest rates were at 4-5% p.a.

Insurance market in the first three months of the year maintained the positive growth. Insurance premium revenues of the whole market in the first Quarter of 2018 were estimated to increase by 19% compared with the same period in 2017, of which life insurance premium revenues gained rose by 28%; non-life insurance premium revenues grew by 9%.

Source: General Statistics Office