Of the total, loans in Vietnamese dong accounted for 90.4 percent, equal to more than VND 1.5 quadrillion, up 13.2 percent against December last year. Loans in foreign currencies made up VND 160 billion, up 15.4 percent.

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A corner of Ho Chi Minh City

Non-performing loans accounted for 4 per cent of the city’s total outstanding loans, down 0.04 percentage points against December last year.

Ho Chi Minh City-based commercial banks during the period lent VND 152.77 trillion to 37,920 customers in the Government’s five prioritized industries of agricultural production, export business, production of small- and medium-sized enterprises (SMEs), supporting industry and high-tech production, of which loans to SMEs made up the highest proportion of 64.4 percent, or VND 98.44 trillion.

The committee also reported that the banks mobilized VND 1.94 quadrillion in the first nine months, up 9.2 percent against December last year.

Of the total capital, deposits in dong reached over VND 1.7 quadrillion, accounting for 87.9 percent and rising 9.6 percent against December last year.

Source: VNA