Credit growth in HCM City has remained strong, rising 9.79 per cent year-to-date to reach VNĐ4.919 quadrillion (US$196.8 billion) as of October 31. Banks continue to prioritise lending for production and business activities, particularly for small and medium-sized enterprises (SMEs), in line with Government directives to boost economic recovery and stability.Loans in Vietnamese đồng accounted for 96 per cent of total credit, showing stable exchange rates and increased confidence in the local currency. Medium- and long-term loans grew by 11.44 per cent, reflecting higher investment in production expansion, technology and infrastructure.SMEs remained the top focus, receiving VNĐ2.23 quadrillion ($89.2 billion), or 45 per cent of total lending. The city also saw progress in key credit programmes, including VNĐ32.5 trillion disbursed for agricultural and fishery processing and VNĐ1 trillion for social housing projects.Loans in export processing and industrial zones rose 7.7 per cent, highlighting strong production demand. The city’s Market Stabilisation Programme continued supporting essential goods and curbing inflation.Through initiatives like the “bank–enterprise connection,” lenders are helping businesses access capital and advance digital transformation, with the State Bank of Vietnam vowing to sustain lending momentum while monitoring credit risks. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News