In Ho Chi Minh City, in the first 6 months of this year, total outstanding credit reached more than 3,600 trillion VND, an increase of 4% compared to the last months of last year.

Many banks have launched credit packages worth thousands of billions of VND to serve businesses. Many of these packages have reduced new loan interest rates by 1-2%.

The State Bank of Vietnam said it has extended the debt repayment period and debt grouping by 6 months to support customers in difficulty. Currently, the ratio of short-term capital for medium- and long-term loans is approaching the maximum limit of 30%.

Therefore, banks have also stepped up capital mobilization and issued tier 2 bonds to increase capital sources in the coming time.

According to data from the State Bank, as of June 28, economic credit reached over 14.3 million billion VND, an increase of 6% compared to the end of 2023. In just 6 months, nearly 1 million billion VND was pumped into the economy, with 270,000 billion VND lent out in June alone.