HCM City’s credit growth has rebounded, growing by 3.65 per cent as of the end of March, up 13.1 per cent year-on-year, according to the State Bank of Viet Nam’s HCM City branch.
Total outstanding loans by commercial banks in HCM City in 2017 rose 18.5 per cent from 2016 to more than VND1.74 quadrillion (US$76.73 billion), according to the State Bank of Viet Nam’s HCM City branch.
Remittance inflows to HCM City in the 11 months of this year reached US$4.55 billion, Nguyen Hoang Minh, deputy director of the State Bank of Viet Nam’s HCM City branch, said.
Overseas remittances flowing into HCM City touched US$3 billion in the first eight months of 2017, a 5 per cent increase compared to the same period last year.
Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Viet Nam’s HCM City branch.