HCMC – Outstanding credit in HCMC and Dong Nai Province had amounted to over VND5.3 quadrillion as of the end of June, up 6.31% against the end of 2024 and accounting for 30.8% of the country’s total.
According to Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Region 2 Branch, the high proportion of outstanding credit in HCMC and Dong Nai reflect the restructuring of the SBV’s regional operations and the Party and Government’s initiative to merge provinces and cities.
Specifically, outstanding credit in Dong Nai grew by 9.1%, while in HCMC, it rose by 5.98% compared to the end of 2024.
Currently, the SBV’s Region 2 Branch oversees state management of monetary policy, credit, and banking operations in HCMC and Dong Nai.
This new model officially came into operation at the beginning of July, coinciding with the launch of the two-level local government structure in provinces and cities.
With an extensive network of credit institutions operating across provinces and cities (including the former administrative units of HCMC, Binh Duong, Ba Ria-Vung Tau, Binh Phuoc, and Dong Nai), the region currently hosts 3,029 units, comprising branches, transaction offices, representative offices, and people’s credit funds.
In terms of scale, proportion, and number of operating credit institutions, outstanding credit in the former HCMC area continues to be the main driver of growth.
In the first six months of the year, total outstanding loans in this area reached VND4.2 quadrillion, up 6.2% compared to the end of 2024, accounting for 79.2% of the region’s total outstanding credit.
