Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Branch 2, assessed that credit growth in the Southeast region remains robust and closely tied to socio-economic development in the area.
Firstly, credit growth in Ho Chi Minh City (HCMC) has consistently maintained a high growth rate in recent months: August 2025 saw a 1.07% increase, July 2025 a 0.71% increase, and June 2025 a 2.25% increase. As the largest economic hub, HCMC’s credit outstanding balance holds the highest share in the Southeast region’s total credit, making its growth a key driver for the entire region. By the end of August 2025, HCMC’s total credit outstanding reached 4.26 million billion VND, accounting for 79.1% of the region’s total, up 1.07% month-on-month and 8.13% year-on-year.
Secondly, credit to key service sectors (including manufacturing, wholesale and retail, transportation and warehousing, tourism, telecommunications and IT, finance, real estate, consulting and technology, education, and healthcare) continues to dominate and grow steadily. Notably, wholesale and retail trade loans reached 763 trillion VND, representing 14.5% of total credit and growing 15.1% year-on-year; manufacturing loans totaled 766 trillion VND, 14.5% of total credit, up 8.8% year-on-year; transportation and warehousing loans hit 113 trillion VND, 2.1% of total credit, surging 38.8% year-on-year; and tourism loans reached 65.4 trillion VND, 1.2% of total credit, rising 15% year-on-year.
These results are closely linked to the growth and development of key service sectors, significantly contributing to the socio-economic advancement of the Southeast region and enhancing banking performance locally.
Thirdly, deposit mobilization growth remains stable. By the end of August 2025, total deposits reached 5.39 million billion VND, up 7.1% since the end of 2024. Alongside meeting banking and payment demands for the economy and businesses, the banking sector continues to implement supportive measures, monetary policies, interest rate and exchange rate management, market stability, and administrative reforms to enhance efficiency. These comprehensive solutions not only boost banking performance but also play a crucial role in achieving 2025 industry goals, particularly driving economic growth in HCMC and Dong Nai Province.
– 08:58 19/09/2025
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