HCMC Banks Jan-May Deposits +23.3 per cent at VND662T
Deposits at banks in Ho Chi Minh City are estimated to have risen 23.3 per cent to VND662 trillion (US$38.9 billion) in the first five months, according to a senior official of the central bank.
In the first five months, they had lent a total of VND552 trillion, up 12 per cent on year, Do Hoang Minh, vice director of the State Bank of Vietnam’s Ho Chi Minh City branch said.
“Top task of banks in the city is to scrutinize implementation of the government-subsidized lending program and stabilize the forex market,” Minh noted.
Between January and May, banks have made soft loans of VND60 trillion (US$3.529 million) including medium- and long-term loans of VND680 billion.
Banks and financial companies in Vietnam had added VND9.495 trillion (US$558.5 million) to the economy in the week ended May 21, up 3.25 per cent from a week earlier, raising the total subsidized loans to VND301.381 trillion since early February, the SBV said. (Financial Investment)
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