Assessing this result, Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Region 2 Branch, said that this is a high credit growth rate compared to the same period two years ago, corresponding to an increase of 0.96% in 2024 and 1.25% in 2023.
Credit continues to focus on the fields of production, trade, services, tourism and import-export. Accordingly, credit for the following sectors: processing and manufacturing industry; construction; agriculture and forestry; transportation and warehousing... all have growth rates of over 1.5%.
This result is associated with the disbursement of preferential credit packages, credit programs of the Government, the State Bank and the People's Committee of Ho Chi Minh City as well as the results of the bank-enterprise connection program in the city.
Foreign currency credit alone grew by 2.1%, higher than the growth of VND credit and general credit in the area.
This development reflects positive growth in import and export activities as well as stability in exchange rates and the foreign exchange market, which benefits import and export enterprises in accessing bank credit capital.
According to Mr. Nguyen Duc Lenh, the city's economy in the first quarter of 2025 has had an impressive growth rate in the past 3 years, with GRDP reaching 7.51%. Along with positive developments from the markets: goods; real estate and improved consumption are favorable environmental factors and a driving force for effective credit growth in the area in the first 3 months of the year and the following months.
The credit performance results in Ho Chi Minh City in the first quarter of 2025 not only reflect the positive impact and role of bank capital flows on the city's economic growth, but also reflect the effectiveness of the State Bank's monetary, credit, interest rate and exchange rate policy mechanisms.
"Macroeconomic stability and appropriate and reasonable policy mechanisms have a positive impact on bank credit activities, ensuring good performance of the task of promoting economic growth," Mr. Nguyen Duc Lenh emphasized.
Source: https://nhandan.vn/tin-dung-quy-12025-tai-thanh-pho-ho-chi-minh-dat-hon-399-trieu-ty-dong-post871647.html
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