HCM City’s capital mobilisation sees 13.8-percent growth hinh anh 1A corner of Ho Chi Minh City (Source: VNA)

HCM City (VNA) - Capital mobilisation by banks in Ho Chi Minh City exceeded 2.135 quadrillion VND (about 92 billion USD) as of early July, up 1.69  percent from the previous month and 13.83 percent year-on-year, said the municipal Department of Statistics.

Of the amount, commercial joint stock banks accounted for 51.74 percent, up 11.04 percent from the same month last year. Saving deposits made up 46.58 percent of the total, a 6.26 percent yearly increase. 

Capital mobilisation in foreign currencies accounted for 10.72 percent of the total, up 4.77 percent compared to the same period of last year, while the mobilised capital in Vietnamese Dong witnessed a year-on-year increase of 15.02 percent.

As of early July, total outstanding loans surpassed 1.912 quadrillion VND (over 82 billion USD), up 16.73 percent annually and 8.59 percent compared to December of 2017. Those of commercial joint stock banks accounted for more than 1.002 quadrillion VND (more than 43.1 billion USD), or 52.42 percent of the total and up 12.6 percent year-on-year. 

The department said total outstanding loans are likely to maintain high growth compared to previous years, making it easy for local enterprises to access loans, thus promoting economic development.

In the first seven months of 2018, the city’s State budget collection was estimated at nearly 214.5 trillion VND (nearly 9.25 billion USD), reaching 56.92 percent of the target, up 7.17 percent year-on-year.

Of the total, domestic collection reached 142.55 trillion VND (6.14 billion USD), up 10.18 percent, while tax revenues from crude oil and import-export activities were 13.82 trillion VND (595.8 million USD) and 58 trillion VND (2.5 billion USD), up 41.74 percent and down 4.86 percent year-on-year, respectively.

The local budget collection in the period was 44.6 trillion VND (1.92 billion USD), up 1.95 percent year-on-year.-VNA