HCM City credit grows 13.2% in 5M

Ho Chi Minh City’s total outstanding credit reached nearly VND4.1 quadrillion (over $157 billion) by the end of the first five months of 2025, a 3.6% increase compared to the end of 2024, according to data from the State Bank of Vietnam, Region 2 Branch in Ho Chi Minh City.

The figure also represents a year-on-year growth of 13.2%.

The city continued to give credit priority to sectors that are growth drivers, particularly export activities, according to the branch’s Deputy Director Nguyen Duc Lenh.

Low interest rate has resulted in the positive credit growth of banks while encouraging businesses to make new investment and expand operation, he said.

The city has regularly held activities to connect local banks and businesses to help tackle capital difficulties facing enterprises, creating conditions for them to get better access to preferential loans.