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VietNamNews

Total outstanding loans up in HCM City

Update: March, 03/2017 - 10:07
Total mobilised capital of credit institutions in HCM City in the first two months of the year was estimated at VNĐ1.78 quadrillion (US$78.03 billion). — Photo VPBank

HCM CITY — Total mobilised capital of credit institutions in HCM City in the first two months of the year was estimated at VNĐ1.78 quadrillion (US$78.03 billion), an increase of 0.31 per cent over the end of 2016 and up 13.18 per cent over the same period last year, according to the State Bank of Việt Nam’s HCM City branch.

The amount in Vietnamese đồng was worth VNĐ1.56 quadrillion, accounting for 87.5 per cent of the total mobilised capital. The rest was in foreign currency.

Total outstanding loans were estimated at nearly VNĐ1.49 quadrillion, up 1 per cent and 19.7 per cent over the end of last year and the same period last year, respectively.

The bank said this was a good growth rate compared to previous years.

The central bank said that medium- and long-term lending accounted for 56.7 per cent of the total outstanding loans, an increase of 0.94 per cent over the end of last year.

Short-term loans accounted for 43.3 per cent, up 1.08 per cent from the end of 2016.

The bank also reported a total of VNĐ147 trillion in short-term outstanding loans in Vietnamese đồng to five priority sectors (agriculture and rural development, production of export goods, small- and medium-sized enterprises, supporting industries, and high-tech enterprises).

Loans given to SMEs accounted for nearly 65 per cent, reaching VNĐ95.05 trillion of total loans to five priority sectors. — VNS

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