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Vietnam: HCM City banks loan $31.79 billion to August

Tuesday, 31 August 2010 11:29

Source: Viet Nam News

Outstanding commercial bank loans in HCM City totalled VND620 trillion (US$31.79 billion) to the end of August, reports the State Bank of Viet Nam.

Property loans stood at VND92.86 trillion ($4.76 billion) or 15 per cent, and consumer loans at VND32.03 trillion ($1.64 billion) or 5.2 per cent. The remaining 80 per cent was for production and business.

Deposits totalled VND683.5 trillion ($35.05 billion), up 13.3 per cent year-on- year; dong deposits increased 16.3 per cent and foreign currency deposits just 5.3 per cent.

Remittances to HMC City banks totalled about $326 million, down 4.45 per cent against July.

An estimated $2.56 billion in remittances has been sent to Viet Nam since January 1 and figure for the year is expected to hit $3.8 billion, an increase of 18 per cent against 2009.

Overseas Vietnamese have started to reinvest and the labour export market has expanded to raise remittances.

The State Bank of Viet Nam, HCM City, says foreign-exchange trading by commercial bank fell 22-25 per cent in July against June.