Figure reaches $52.24 billion for January - July.
A report from the Ho Chi Minh City People’s Committee showed that total outstanding credit in the city for the first seven months stood at VND1,140 trillion ($52.24 billion), an increase of 7 per cent compared with the first seven months of 2014.
Outstanding credit in Vietnam dong reached VND977.7 trillion ($44.80 billion), an increase of 8.2 per cent year-on-year, while credit in US dollars was VND165 trillion ($7.56 billion), an increase of 0.29 per cent.
Medium and long-term outstanding credit rose 13 per cent since the end of 2014, accounting for 54.5 per cent of the total, while short-term outstanding credit increased 0.79 per cent since the end of 2014, accounting for 45.5 per cent of the total.
Total credit growth in the city was some 7 per cent, with an annual target in place of 13-15 per cent.
Regarding mobilized capital, at the end of July it is expected to be VND1,420 trillion ($65.07 billion), an increase of 6 per cent since the end of 2014.
Remittances in the first seven months are estimated at $2.4 billion.