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Vietnam - HCM City: Outstanding Loans +5.2%, Deposit +17.7% at End-2010

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Vietnam - HCM City: Outstanding Loans +5.2%, Deposit +17.7% at End-2010

Post  lexie on Mon Oct 24, 2011 1:22 pm

October 24, 2011

HCM City: Outstanding Loans +5.2%, Deposit +17.7% at End-2010

Total outstanding loans of Ho Chi Minh City-based credit institutions as of end-October are estimated to rise to VND746 trillion, up 10.9% YoY and 5.2% from end-2010, the local online newspaper Tri Thuc Tre (TTVN) reported, citing the municipal Statistics Office.

Of the total, credits in foreign currencies increased by 15.5% to VND220 trillion or 29.5% while those in Vietnamese dong rose by 9.1%.

Total deposits at local commercial banks are estimated to increase by 17.7% YoY and 9% from end-2010 to VND878.8 trillion, of which VND-denominated deposits accounted for 76%, up 20.1% YoY.

The October CPI of the city was up 0.18% on-month, easing from its 0.88% rise in September. The city’s CPI was up 14.69% from beginning-2011.


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