Credit in HCMC rises 5.9% by June

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Credit rose in HCM City in early June by 5.9 per cent, compared to late last year, to VND1,308 trillion (US$58.13 billion), the city's General Statistics Office reported.

Credit rose in HCM City in early June by 5.9 per cent, compared to late last year, to VND1,308 trillion (US$58.13 billion). — Photo hanoimoi.com.vn

HCM CITY (Biz Hub) — Credit rose in HCM City in early June by 5.9 per cent, compared to late last year, to VND1,308 trillion (US$58.13 billion), the city's General Statistics Office reported.

Among the total, outstanding loans in Vietnamese dong made up VND1,180 trillion, an increase of 24.3 per cent, while loans in US dollars were equal to VND127.9 trillion, down 23 per cent.

Further, credit of city-based joint stock commercial banks surged 16 per cent to VND725.2 trillion, accounting for 55.4 per cent of the city's total credit.

Also during this period, the city mobilised total capital of VND1,644.6 trillion, up 20 per cent, of which the capital in the dollar accounted for 13.7 per cent, while capital in the dong represented 86.3 per cent, up 9.1 per cent and 21.9 per cent, respectively.

Among total capital, savings made up 53.7 per cent, rising 14.7 per cent. — VNS

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