Total credit in Ho Chi Minh City in the first half of the year reached about VND3.3 quadrillion ($139.9 billion), an increase of 3.5 per cent compared to the end of 2022, according to the State Bank of Vietnam (SBV)’s Ho Chi Minh City branch.

The figure also represents an increase of 7.5 per cent against the same period last year.

Growth is low but suitable with the city’s economic development.

Credit institutions in the city effectively took measures to support enterprises in the first half, in particular policies relating to interest rates and credit, helping businesses stabilize and develop production and trade, said Mr. Nguyen Duc Lenh, Deputy Director of the Ho Chi Minh City branch.

Over the remaining months of the year, credit institutions and the banking sector will continue to adopt monetary and credit measures from the SBV and solutions to support businesses, he said.