Total outstanding loans reach nearly VND4.1 quadrillion (over $157 billion).

Credit concentrated on production, business, trade, services, tourism and export-import activities.

Total outstanding tourism credits reaching VND57 trillion ($2.2 billion) by the end of February.

The city's banking-business connection initiative has helped more enterprises gain access to credit.

Prime Minister issues directive to bolster carbon credit oversight amid climate commitments

Meeting held following a request from the Prime Minister over concerns about limited access to credit by some businesses.

Circular reportedly makes it problematic for businesses to access credit.

Local banks meeting liquidity requirements and offering low interest rates for loans will enjoy an increase in their credit growth cap.

At a discussion session on October 28, many National Assembly (NA) deputies said it is necessary to adopt solutions to restore Vietnam’s corporate bond and securities markets as soon as possible, to ease the pressure on credit. In particular, the government needs to closely monitor interest rates at banks, so that sectors carrying out production and business can access credit at an appropriate cost.

Ms. Duong Thuy Dung, Senior Director of the Valuation, Research, and Consulting Department at CBRE Vietnam, said that more than 50 per cent of investors have problems with loans for real estate investment. If they continue to borrow, the cost will increase greatly. They want to sell but are unable to do so. If credit is not loosened by 2023, the real estate market will see a sell-off and prices will fall.