HCMC – Total outstanding loans in HCMC’s banking system have amounted to an estimated VND4.1 quadrillion so far this year, up 3.6% against the end of 2024 and 13.2% compared to the same period last year.
According to the State Bank of Vietnam (SBV) Region 2 Branch, this marks one of the strongest credit growth rates in years, reflecting the effectiveness of flexible monetary policy, reasonable interest rates, and a stable financial environment.
Banks continued to prioritize lending to key sectors, exporters, household businesses, and cooperatives, with preferential interest rates.
Notably, by the end of April, outstanding real estate loans in HCMC had reached almost VND1.12 quadrillion, up 0.34% from the previous month and 2.85% against the end of 2024.
Social housing loans have also shown signs of recovery. As of late April, outstanding loans in this segment had edged up by 4.84% month-on-month to VND2.764 trillion. This was a sharp turnaround from the 2.55% drop in February.
Nguyen Duc Lenh, deputy director of the SBV Region 2 Branch, said that low interest rates had played a crucial role in driving credit growth and encouraging businesses to invest, creating positive ripple effects for the economy.
Lenh said that in the coming months, the banking sector will continue to roll out credit policy and banking services to support the city’s goal of reaching double-digit economic growth in 2025.
