Credit growth in Ho Chi Minh City, Dong Nai outpaces national average

Credit growth in Ho Chi Minh City and Dong Nai province surpassed the national average during the first seven months of 2026, with lending primarily focused on manufacturing, trade, services, and construction, according to Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's Region 2 Branch. By the end of July, total outstanding loans in the two cities amounted to VND6.329 quadrillion, comprising 31.2% of the country's total credit, marking a 9% increase from the end of 2025, slightly above the nationwide growth rate of 8.98%.

Ho Chi Minh City alone had outstanding loans totaling nearly VND5.68 quadrillion, accounting for 89.7% of Region 2's total credit, also growing by 9% from the previous year. Bank lending continued to flow mainly into production, business, trade, and services, with notable growth in manufacturing and processing businesses (VND898.9 trillion, +10.7%), wholesale and retail trade, and motor vehicle and motorcycle repair (VND843.2 trillion, +6.8%).

Construction loans surged 13.8% to VND397 trillion, while tourism sector lending increased 10.5% to VND78.7 trillion. Credit to logistics businesses rose 7.3% to VND160 trillion. Although deposit mobilization expanded, it lagged behind lending, with total deposits in Ho Chi Minh City and Dong Nai City reaching VND6.168 quadrillion by July, up 7.4% from the end of 2025.

Deposits trailed outstanding loans by approximately VND161 trillion, with Ho Chi Minh City contributing the majority of deposits (VND5.632 quadrillion, up 7.03% from last year) and representing 91.3% of Region 2's total.