The 2017 Global Destinations Cities Index produced by credit card company Mastercard said foreign arrivals in the city grew at 16.4 percent between 2009 and 2016, the fastest after Osaka, Chengdu, Colombo, Abu Dhabi, Jakarta and Tokyo.
The Ho Chi Minh City Statistics Office reported that total credit outstanding balance in Ho Chi Minh city reached VND 1.63 million, an increase of 19.8 percent compared to the same period of last year and 10.92 percent over December, 2016.
The Ho Chi Minh City Real Estate Association (HoREA) petitioned the State Bank of Vietnam to offer housing credit stimulus package to directly support buyers of social and commercial houses with the price of VND1 billion ($43,986).
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) yesterday said that it handled VND2,520 billion(US$111 million) of bad debt and set aside VND5,044 billion ($222 million) for credit risk provision in the first seven months this year.
Better credit policies and higher consumption of farming products are necessary to ensure efficient use of funds borrowed for high-tech agricultural projects, experts said at a seminar in Hanoi yesterday.
The Board of Executive Directors of the World Bank (WB) on June 29 has approved a preferential credit package worth $153 million for Vietnam’s national program on poverty reduction and rural development.