Ho Chi Minh City enjoys high growth in trade and services

Wednesday, 29/06/2022 01:00
By the end of June 2022, credit in Ho Chi Minh (HCM) City is estimated to increase by 9.3% compared to the end of 2021, marking the highest growth rate over the past few years and higher than the average growth rate of the whole country in the first half of the year, said Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam branch in the city.

Photo for illustration. (Source: sggp.org.vn) 

The main factor driving credit growth is the rapid recovery of businesses in all fields after the epidemic is under control, so capital demand increases sharply.

In which, the trade and service sector had the highest growth, up 4.83%, reflecting the recovery trend and resilience as well as the areas most directly affected by the epidemic.

The strong increase in credit also reflects the recovery and positive growth of the city's economy and the effectiveness of the economic recovery program of the Government and HCM city, said Mr. Nguyen Duc Lenh./.