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Local commercial banks reported loan-to-deposit ratio (LDR) of 76.2% in July, meaning that they lent 76.2 out of every 100 mobilized, while the ratio was 79% as of the end of 2012, according to statistics of the State Bank of Vietnam.
Having hit a three-month low on Wednesday, domestic gold prices bounced back strongly to over VND38 million per tael given the global uptrend on Thursday.
The State Bank of Vietnam (SBV) will continue assessing and classifying more banks with ineffective operations in order to get approval from the Prime Minister to restructure them.
Total lending of all credit institutions grew 6.45 per cent in the first eight months of the year, the State Bank of Viet Nam (SBV) has reported.

The State Bank of Vietnam has decided to allow enterprises to import gold to make jewelries domestically, a long awaiting decision to help ease the thirst for materials.

Vietnam’s public debt has increased steadily over the past three years while the public debt supervision process still has shortcomings, said Hoang Hai, deputy director of the Debt Management and Foreign Finance Department under the Ministry of Finance.

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Updated at 15:50, 31/10/2014
Foreign Currency Cash Bid Rate Offer Rate
USD 21,220 21,240 21,320
AUD 18,558 18,591 18,875
CAD 18,813 18,888 19,061
CHF 21,901 22,024 22,339
Currency: VND
View chart of exchange rates
Updated at 15:50, 31/10/2014
Gold Buying Selling
XBJ 3,530,000 3,580,000
XAU 3,530,000 3,580,000
Currency: VND
View chart of gold price