Ho Chi Minh City's tourism credit grows 10%

Total outstanding tourism credits in Ho Chi Minh City reached nearly VND57 trillion ($2.2 billion)  by the end of February, making up 1.5% of the city’s total loans, according to the State Bank of Vietnam's (SBV) Regional Branch No.2.

The figure represents a growth of 10%.

The credit growth was attributed to the recovery of tourism activities after the Covid-19 pandemic over the past two years.  

In the first three months of this year, the local tourism sector recorded total revenue of over VND56.66 trillion ($2.19 billion), a year-on-year rise of 26.7%, figures from the city’s Tourism Department show.