On October 26, Mrs. Tran Ngoc Lien, Deputy Director of the State Bank of Vietnam (SBV) Branch in Region 2, announced that the total credit outstanding of credit institutions in the area is currently nearing VND 5,000 trillion, marking a 0.66% increase compared to the end of September and a 9.79% rise since the end of 2024.
The outstanding debt in Vietnamese Dong (VND) exceeds VND 4,700 trillion, accounting for 96% of the total outstanding debt, reflecting a 10.29% increase compared to the end of 2024. Foreign currency debt stands at VND 195,319 trillion, representing 4% and a 0.96% decrease compared to the previous year-end.
In the first 9 months of the year, the total credit outstanding in Ho Chi Minh City reached nearly VND 5,000 trillion.
By term, short-term credit outstanding exceeds VND 2,300 trillion, accounting for 47.7%, while medium and long-term credit outstanding surpasses VND 2,500 trillion, making up 52.3%. Both categories maintain growth, meeting the capital needs of businesses across various scales and sectors.
According to statistics from the SBV Branch in Region 2, by the end of October, credit outstanding for five priority sectors in the area includes lending for agricultural and rural development, exports, small and medium-sized enterprises (SMEs), supporting industries, and high-tech enterprises.
SMEs account for the largest share, nearly half of the total outstanding debt in the region. This highlights the focus on credit allocation to a sector vital for production and goods circulation in the city.
Credit institutions in the area are also implementing a VND 150,000 trillion credit package to support businesses in the production and processing of agriculture, forestry, and fisheries. By the end of October, the disbursement volume for the period reached VND 2,822 trillion, with cumulative disbursements since the program’s inception at VND 32,529 trillion and current outstanding debt at VND 12,659 trillion.
Credit in Ho Chi Minh City flows strongly into small and medium-sized enterprises.
For the social housing loan program, housing for workers, and renovation or reconstruction of old apartments, Ho Chi Minh City currently has 12 approved projects, with 3 projects already disbursed, totaling VND 280.86 trillion in cumulative disbursements and VND 260.94 trillion in outstanding debt. Additionally, banks in the area have lent to 3 social housing projects outside Ho Chi Minh City, with disbursements of VND 723.75 trillion and outstanding debt of VND 614.42 trillion.
The market stabilization program continues with an outstanding debt of VND 5,337 trillion; of which, short-term debt accounts for VND 5,327 trillion, and medium and long-term debt stands at VND 10 trillion.
In October, the SBV Branch in Region 2 collaborated with departments, agencies, and commercial banks to organize several bank-business connection conferences in areas such as Tan Son Hoa, Ban Co, Go Vap, and Binh Tan, resulting in disbursements of VND 739,947 trillion.
According to Mrs. Lien, credit activities in Ho Chi Minh City during the first 10 months of the year remain stable, aligning with the SBV’s directives on capital allocation for production, business, and priority sectors. This contributes to supporting local economic growth and ensuring the safety of the credit system.
From Social Welfare Policies to a Vision of Humane Urban Development
Some decisions require no grand announcements, yet they resonate deeply with millions of hearts. When the Standing Committee of the Ho Chi Minh City Party Committee unanimously agreed to increase support for housing construction for the poor, near-poor, and those in difficult circumstances, it was more than a technical adjustment in social welfare policy. It was a vivid demonstration of a commitment to progress that leaves no one behind.
Proposed Action Against Lancaster Lincoln Developer for Unauthorized Construction of Basement Encroaching on Over 1,200m² of Public Land
Ho Chi Minh City authorities have confirmed that the developer of the Lancaster Lincoln project encroached upon designated transportation land (542 sqm) and planned road boundary land (769 sqm) to construct an interconnected basement level.
How is Ho Chi Minh City’s Largest Land Reclamation Urban Area Being Constructed?
The 2,870-hectare reclaimed urban area in Cần Giờ is nearly complete. Construction of low-rise residential areas, a golf course, theater, and entertainment zones within this mega-reclaimed city will commence by year-end. Phase two, focusing on road infrastructure and technical facilities, is slated to begin in mid-2026.
Upcoming Mass Issuance of Land Use Rights Certificates for Ho Chi Minh City Apartments
Elevate your lifestyle with premier residential and commercial projects now thriving in prime locations. The high-rise service apartment complex at 58B Nguyễn Thị Thập (Tân Thuận Ward), Ngọc Đông Dương 119 Bình Long apartment project (Bình Trị Đông Ward), and the mixed-use high-rise featuring a commercial center and offices at 132 Bến Vân Đồn (Khánh Hội Ward) have successfully resolved all legal hurdles through Task Force 1645. Residents can now anticipate receiving their official land-use right certificates, marking a new chapter of ownership and peace of mind.
Ho Chi Minh City: Only 3 Social Housing Projects Receive Over VND 280 Billion in Disbursements
As of the end of October, the social housing loan program, worker housing, and old apartment renovation initiative had disbursed over 280 billion VND to three projects in Ho Chi Minh City.
