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Friday, June 21, 2024

Credit rises 9.6% in HCMC in Jan-Apr

By Nguyen Tan

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HCMC – January-April credit in HCMC grew by 9.6% year-on-year to VND3.5 quadrillion, driven by an increase in long-term credit, according to data from the HCMC Statistics Office.

The State Bank of Vietnam’s HCMC branch reported that credit in April increased by 0.35% against the previous month. From January to April, credit rose by 1.31% versus the end of 2023 and climbed by 9.33% compared to the same period last year. Long-term credit expanded by 1.96%, while short-term credit inched up by 0.6%.

During this period, local banks restructured loans for nearly 40,570 customers, keeping their loan classifications unchanged. The total restructured debt amounted to VND46.8 trillion.

Through a program connecting banks and businesses, loans to support enterprises reached over VND184.1 trillion, benefiting 43,171 businesses, households and cooperatives.

Lending to businesses in industrial parks and export processing zones in HCMC amounted to nearly VND222.2 trillion, a 3.8% rise against the end of 2023 and benefiting 3,634 clients.

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