HCM City banks loan 31.8 billion USD

Outstanding commercial bank loans in HCM City totalled 620 trillion VND (31.8 billion USD) to the end of August, reports the State Bank of Vietnam.
Outstanding commercial bank loans in HCM City totalled 620 trillion VND (31.8 billion USD) to the end of August, reports the State Bank of Vietnam.

Property loans stood at 92.86 trillion VND (4.76 billion USD) or 15 percent, and consumer loans at 32.03 trillion VND (1.64 billion USD) or 5.2 percent.

The remaining 80 percent was for production and business.

Deposits totalled 683.5 trillion VND (35.05 billion USD), up 13.3 percent year-on- year; dong deposits increased 16.3 percent and foreign currency deposits just 5.3 percent.

Remittances to HMC City banks totalled about 326 million USD, down 4.45 percent against July.

An estimated 3.7 billion USD in remittances has been sent to the City since January 1, up 20 percent against the first seven months of last year and the figure is expected to hit 6 billion USD by the end of the year.

Overseas Vietnamese have started to reinvest and the labour export market has expanded to raise remittances.

The State Bank of Vietnam 's HCM City branch, says foreign-exchange trading by commercial bank fell 22-25 percent in July against June./.

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