Total outstanding loans up in HCM City
Total outstanding loans up in HCM City
Total mobilised capital of credit institutions in HCM City in the first two months of the year was estimated at VND1.78 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 Viet Nam’s HCM City branch.
The amount in Vietnamese dong was worth VND1.56 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 VND1.49 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 VND147 trillion in short-term outstanding loans in Vietnamese dong to five priority sectors (agriculture and rural development, production of export goods, small- and medium-d enterprises, supporting industries, and high-tech enterprises).
Loans given to SMEs accounted for nearly 65 per cent, reaching VND95.05 trillion of total loans to five priority sectors.
