Bank deposits rebound in July

Illustration photo

This was the first month since the beginning of 2012 when bank deposits gained a positive growth rate.

The bank deposits dropped by 0.46% in June; 3.58% in May and 5.6% in April against late 2011.

According to some seminars and conference of the banking system held in late 2011 and early 2012, the difficulties in the economy, business and production, limited capital sources and high inventory were attributed to the decline in bank deposits in early months of 2012. 

However, the rebound in July showed a promising sign for recovery in production and business activities./.

By Khanh Phuong