HCMC – Commercial banks in HCMC had extended VND4 quadrillion in loans in the year to the end of April, signaling a pickup in lending in the country’s largest economic center. This is the first time January-April lending in the city has reached the VND4-quadrillion mark.
Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Region 2 Branch, said total outstanding loans in the city reached VND4.046 quadrillion in the first four months of 2025, up 2.62% from end-2024 and 12.78% year-on-year.
This was the first time total outstanding loans in HCMC had exceeded VND4 quadrillion, with growth outpacing the same period in previous years, Lenh was cited by the Vietnam News Agency as saying.
Credit growth in the January-April period was driven by a favorable economic environment and flexible monetary policy, including low interest rates and targeted lending policy.
Notably, credit continued to be directed toward business and production sectors, as well as industries that serve as key drivers of economic growth.
Outstanding loans to nine major service sectors, such as trade, tourism, media, science and technology, healthcare, education, finance, arts, and entertainment, amounted to over VND1.4 quadrillion, making up 35.4% of the city’s total, up more than 3.6% from the end of 2024.
Banks in HCMC will continue to implement Government and central bank directives by promoting credit growth and speeding up disbursement of preferential loan packages, including a VND517.07-trillion credit program under the bank–business matching initiative.
