Outstanding credit balance in the accommodation and catering sector in Ho Chi Minh City is up to 57,000 billion VND

Outstanding credit balance in the tourism service sector including accommodation and catering in Ho Chi Minh City increased sharply, reaching nearly VND57,000 billion. The above figures are as of the end of February 2025.

In the past two years, tourism credit in the area has always had a high growth rate. In the photo are tourists attending the Bread Festival held at the end of March in Ho Chi Minh City - Photo: THANH HIEP

Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Region 2, said as above. According to Mr. Lenh, although accounting for only 1.5% of total outstanding credit, credit for the accommodation and catering sector in Ho Chi Minh City has recently maintained a high growth rate.

In the first two months of 2025 alone, credit for this sector grew by 10%, while general credit in the area decreased by 0.17%.

"In the past two years, credit for the tourism sector in the area has always had a higher growth rate than the general credit growth rate in the area.

This growth momentum continued in the first months of this year when many cultural and artistic events and impressive activities were held to celebrate the country's and Ho Chi Minh City's major holidays, attracting an increasing number of visitors and tourists.

This is a favorable factor to promote credit growth in this sector. In particular, revenue from tourism activities increases, businesses operate effectively, creating good cash flow, factors contributing to expanding credit growth of credit institutions in the area," Mr. Lenh said.

In addition, favorable monetary policy, low interest rates, stable exchange rates, convenient payment services, foreign currency exchange, etc. are also driving forces contributing to the growth of tourism activities in the area.

More than 1.6 million international visitors to Ho Chi Minh City

Recently, the Ho Chi Minh City Department of Tourism has announced the results of implementing the city's tourism industry targets.

Accordingly, international visitors to Ho Chi Minh City in 3 months reached more than 1.6 million arrivals, an increase of more than 18% compared to the figure of more than 1.3 million arrivals in 2024. March alone increased by nearly 23%.

In nearly 3 months, Ho Chi Minh City tourism brought in revenue of 56,662 billion VND, an increase of 26.7% over the same period in 2024; in March alone, it brought in more than 19,000 billion VND.

In the context of promoting tourism as a key economic sector, as a city of events, Ho Chi Minh City has many attractive events such as Nguyen Hue Flower Street, Ho Chi Minh City Ao Dai Festival, Vietnamese Bread Festival, Ho Chi Minh City River Festival...

Ho Chi Minh City tourism also aims to welcome 8.5 million international visitors in 2025.

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Source: https://tuoitre.vn/du-no-tin-dung-linh-vuc-luu-tru-va-an-uong-tai-tp-hcm-len-den-57-000-ti-dong-20250401192203748.htm