6 months: Outstanding credit balance in Ho Chi Minh City reaches 3.3 million billion VND

SGGP July 4, 2023 08:47

On July 3, Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam (SBV) Ho Chi Minh City branch, said that outstanding credit in the area in the first 6 months of the year reached about 3.3 million billion VND, an increase of 3.5% compared to the end of 2022.

Credit in Ho Chi Minh City is higher than the whole country, in which outstanding loans for 5 priority sectors are about 200,000 billion VND. These are short-term loans in VND with low interest rates under 5.5%/year (currently 4%/year), which have a direct support impact for businesses and sectors that are the driving force for economic growth. In addition, implementing the 2% interest rate support package, banks in Ho Chi Minh City have lent with outstanding credit reaching nearly 19,000 billion VND. The amount of interest support reached 126.29 billion VND for 308 businesses in the following sectors: processing and manufacturing industry; aviation, warehousing, tourism, accommodation and food services; education and training; agriculture, forestry and fisheries; and implementation of social housing projects.

Source: https://www.sggp.org.vn/6-thang-du-no-tin-dung-tai-tphcm-dat-33-trieu-ty-dong-post696044.html