Ho Chi Minh City’s credit growth hits 12% in 9 months

Friday, 07/10/2022 15:29
By the end of September 2022, credit in Ho Chi Minh City is estimated to increase by 12% compared to the end of 2021, and recorded sharp increase compared to the same period of the previous 3 years, at 4.97% (in 2021), 4.99% (in 2020) and 10.2% (in 2019), said Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam’s branch in the city.
Photo for illustration. (Source: VNA) 

Credit in the southern city in the first 9 months increased sharply thanks to economic recovery and growth. Credit growth is associated with meeting capital needs for businesses, business households and cooperatives in the area in many fields.

Areas recording positive growth are foreign currency lending (mainly for import and export) with 205,000 billion VND, up 12.7% compared to the end of 2021; loans to IZs and EPZs with 224,203 billion billion, up 14.67%; and short-term loans by SBV for 5 groups of industries, priority fields with about 200,000 billion VND, up 4%./.