Ho Chi Minh City’s total outstanding credit reached nearly VND4 quadrillion (over $154 billion) in the first quarter of 2025, a year-on-year increase of 11.82%, according to data from the State Bank of Vietnam, Regional Office No.2.

Deputy Director of the office Nguyen Duc Lenh said local banks’ lending concentrated on production, business, trade, services, tourism and export-import activities.

Housing credit in the first two months of the year showed signs of recovery with a growth rate of 0.51% in January and 0.16% in February, contributing to supporting the recovery of the real estate market, he said.

By the end of February, loans to the real estate sector reached over 1 quadrillion ($42.4 billion), accounting for 28% of the total outstanding credits in the southern city and growing 1.15% compared to the end of 2024.