HCM City posts credit growth of 12.2% in 2M

Ho Chi Minh City recorded a year-on-year credit growth of 12.2% in the first two months of 2025, according to the State Bank of Vietnam (SBV)’s Ho Chi Minh City branch.

Total outstanding loans reached VND3.936 quadrillion ($153 billion).

The credit focused on the fields of production, trade, services and consumption, accounting for 75% of the total.

The SBV’s Ho Chi Minh City branch targets a credit growth of 16% for 2025, aiming to help business to have resources to develop and contributing to boost the city’s economic growth, according to deputy director of the branch Nguyen Duc Lenh. However, the goal will be adjusted, depending on the market demand.