Deposits at HCMC-based Banks Jump 27.5 per cent to VND688T in H1

Deposits at banks in Ho Chi Minh City, Vietnam’s largest economic hub, are estimated to have expanded 27.5 per cent on-year in the first six months and to have jumped 17.5 per cent since early 2009, according to the city’s statistics department.

 

Of the total, dollar deposits accounted for 25 per cent, surging 13.1 per cent on-year and soaring 8.3 per cent from the beginning of the year. Savings in Vietnamese dong reached VND355.7 trillion, accounting for 51.7 per cent, climbing 20 per cent while deposits in Vietnamese dong rocketed by 33.1 per cent on-year, it noted.

 

Meanwhile, total outstanding loans by the banks were up 15.4 per cent on-year from Jan to Jun to VND580.3 trillion, surging 16.9 per cent from early 2009.

 

Banks lent a total of VND139.3 trillion in loans in foreign currencies, accounting for 24 per cent of outstanding loans. (Saigon Marketing)