A transaction point of the Ho Chi Minh City Development Bank. The total lending value in HCM City was up 15 per cent year-on-year at the end of May. ― Photo thanhnien.com.vn

HCM CITY (Biz Hub) ― Total outstanding loans of credit institutions in the city reached over VND873 trillion ($41.6 billion) at the beginning of May, up 2.1 per cent over the end of last year and increasing 15.1 per cent year-on-year, the local statistics department has reported.

The data reflects signs of a lending rally, according to the department.

Foreign currency lending reached about VND173 trillion ($8.2 billion), down 16.8 per cent year-on-year, while dong loans amounted to over VND700 trillion ($33.3 billion), an increase of 27 per cent.

Total deposits reached over VND1 trillion (US$47.6 million) citywide, up 3.8 per cent over December and an increase of 14.8 per cent from last May's figure.

Foreign currency deposits represented 16.4 per cent of the total value and declined 10.7 per cent year-on-year, while deposits in dong made up 83.6 per cent and went up 21.6 per cent. ― VNS