Vietnam banking system liquidity rises 2.9 pct in April

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Liquidity in Vietnam's banking system rose 2.9 percent in April from March, the nation's central bank said in a statement on its website Thursday.

Deposits rose 2.8 percent from the previous month, with those in denominated in dong increasing 3.3 percent and foreign-currency savings gaining 0.8 percent, according to the statement.

The State Bank of Vietnam estimated total deposits at lenders advanced 5.9 percent in the first four months, according to the statement.

Credit grew 1.7 percent in April, with loans in dong increasing 1.4 percent and loans in foreign currency rose 3 percent, the central bank said.

Vietnamese banks boosted credit 5.6 percent in the first four months from the end of last year, according to today's statement.

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