Credit growth in HCM City reaches 11.28% in 8M

Total outstanding loans in Ho Chi Minh City reached over VND3.7 quadrillion ($149 billion) this year, by the end of August, 2024, marking a year-on-year growth of 11.28%, according to the State Bank of Vietnam (SBV)’s Ho Chi Minh City branch.

The figure represents an increase of 0.75% compared to the previous month.

Total outstanding loans for five groups of priority sectors, including small- and medium-sized enterprises, export, agriculture and rural development, supporting industry and firms applying high technologies, were estimated at VND1.688 trillion ($68.2 million), up 0.7% compared to the previous month.

Of which, loans for small- and medium-sized enterprises accounted for 85%.