The main reasons for boosting the credit growth in the city are thanks to the rapid recovery of enterprises in all fields promoting high capital demand when the pandemic is under control. Of which, trade and services are at the top of the growth with 4.83 percent reflecting the trend and ability of recovery.
The rapid credit growth in Ho Chi Minh City also reflects the recovery, positive growth of the city’s economy and the effectiveness of the economic recovery program of the Government and the city as well as the policies, mechanism and activities for overcoming the obstacles, difficulties, support programs of the banking sector in general and in HCMC in particular.
Besides, the credit growth was also shown through Ho Chi Minh City’s GRDP in the first half of 2022 with a surge of 3.82 percent from a negative growth from the end of last year.
