Credit growth of HCMC reaches 8 percent

Credit growth of HCMC reaches 8 percent

According to the State Bank of Vietnam – Ho Chi Minh City Branch (SBV-HCMC), the credit growth in the city was at 8 percent last year.
Wholesale and retail sale activities at Binh Tay Market. (Photo: SGGP)

Banks enable credit capital at year’s end

In the first three quarters of this year, bank credit growth was low, but since October, credit growth has shown signs of recovery. With favorable conditions, including abundant liquidity, low lending interest rates, and seasonal factors, banks are enabling credit flows to the market at the end of the year.