Total outstanding loans by commercial banks in HCM City in 2017 rose 18.5 percent from 2016.(Photo: saigondautu.com.vn)
HCMCity (VNA) - Total outstanding loans by commercial banks in HCM Cityin 2017 rose 18.5 percent from 2016 to more than 1.74 quadrillion VND (76.73billion USD), according to the State Bank of Vietnam’s HCM City branch.
Figures from the State bank’s branch also show total mobilised capital ofcredit institutions in the southern metropolis was 2 quadrillion VND, anincrease of 15 percent year-on-year.
Lending rates for short-term loans in five prioritised sectors of agriculture,exports, supply-parts industries, small- and medium-sized enterprises andhi-tech businesses last year were kept at around 6-6.5 per cent, down 0.5percentage points compared to the end of 2016.
Several lenders in the city said their 2017’s targets have all been reached. Inparticular, the retail sector showed great potential to grow faster in the newyear.
Deputy Governor of the State Bank of Vietnam Dao Minh Tu urged commercial banksin the city to closely watch the market to ensure timely lending to firms inorder to help them boost production and cover expenses for import and export ofgoods to meet the demands of consumers for the upcoming Tet (Lunar New Year)holiday.
In addition, banks should ensure enough cash for ATM withdrawals during the holiday,he added.-VNA
VNA
