Liquidity in Vietnam banking system rises 2.4 pct in May

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Liquidity in Vietnam's banking system increased 2.4 percent in May from April, the country's central bank said in a statement on its website.

Deposits at lenders advanced 2.5 percent from the previous month, with those denominated in Vietnamese dong rising 2.9 percent and savings in foreign currencies gaining 1.2 percent, according to the statement.

The State Bank of Vietnam estimated total deposits increased 7.8 percent in the first five months of the year.

Credit grew 1.9 percent in May from April, with dong-denominated loans rising 1.5 percent and loans in foreign currency advancing 3.2 percent, the central bank said.

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