The Ho Chi Minh City People’s Committee has reported that as of the end of March 2015, the total credit outstanding of all financial institutions located in the city was estimated at VND1.09 trillion ($50.46 million), an increase of 2.3 per cent on the end of 2014 and a rise of 14.06 per cent from the same period last year.

Credit outstanding in local currency reached VND927 trillion ($42.92 billion), accounting for 84.9 per cent of the total, an increase of 2.62 per cent from the end of 2014. In terms of foreign currency credit, the figure reached VND165 trillion ($7.63 billion), 15.1 per cent of total, up 0.54 per cent over the close of 2014.

Credit outstanding over the long to middle term accounted for 53.2 per cent of total, up 5.21 per cent, while short term credit was 46.8 per cent of total, a decrease of 0.82 per cent.

Regarding capital mobilization, estimates from the end of March, the sum from the same institutions reached 1.35 quadrillion ($62.50 billion), a 1 per cent increase from 2014 and up 15.12 per cent from the same period last year. In particular, mobilization of local currency was at VND1.14 quadrillion ($52.78 billion) while foreign currency reached VND217.3 trillion ($10.06 billion).