HCM City’s capital mobilisation sees 13.8-percent growth
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.
HCM City (VNA) - Capital mobilisation by banks in Ho Chi Minh City exceeded2.135 quadrillion VND (about 92 billion USD) as of early July, up 1.69 percent from the previous month and 13.83 percentyear-on-year, said the municipal Department of Statistics.
Of the amount, commercialjoint stock banks accounted for 51.74 percent, up 11.04 percent from the samemonth last year. Saving deposits made up 46.58 percent of the total, a 6.26 percentyearly increase.
Capital mobilisation in foreign currencies accountedfor 10.72 percent of the total, up 4.77 percent compared to the same period oflast year, while the mobilised capital in Vietnamese Dong witnessed ayear-on-year increase of 15.02 percent.
As of early July, total outstanding loans surpassed 1.912 quadrillion VND (over82 billion USD), up 16.73 percent annually and 8.59 percent compared toDecember of 2017. Those of commercial joint stock banks accounted for more than1.002 quadrillion VND (more than 43.1 billion USD), or 52.42 percent of thetotal and up 12.6 percent year-on-year.
The department said total outstanding loans arelikely to maintain high growth compared to previous years, making it easy forlocal enterprises to access loans, thus promoting economic development.
In the first seven months of 2018, the city’s State budget collectionwas estimated at nearly 214.5 trillion VND (nearly 9.25 billion USD), reaching 56.92percent of the target, up 7.17 percent year-on-year.
Of the total, domesticcollection reached 142.55 trillion VND (6.14 billion USD), up 10.18 percent,while tax revenues from crude oil andimport-export activities were 13.82 trillionVND (595.8 million USD) and 58 trillion VND (2.5 billion USD), up 41.74 percentand down 4.86 percent year-on-year, respectively.
The local budget collectionin the period was 44.6 trillion VND (1.92 billion USD), up 1.95 percent year-on-year.-VNA
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A corner of Ho Chi Minh City (Source: VNA) 
