Outstanding loans of banking system in region 8 reached over 531 trillion VND

State Bank of Vietnam (SBV) Region 8 Branch is the region with the fewest number of provinces (Ha Tinh, Nghe An and Quang Binh), but the scale of operations of credit institutions (CIs) and CI branches under its management ranks 8th out of 15 regions nationwide.

The management network of the State Bank of Vietnam in Region 8 has 253 credit institutions and credit institution branches with diverse types of credit institutions (133 banking units, 115 grassroots people's credit funds, 5 branches of small, one-member limited liability microfinance organizations) and 495 transaction offices 1.

Outstanding loans of credit institutions in Ha Tinh account for 21% of total outstanding loans of the State Bank of Vietnam in region 8.

SBV Region 8 is located in an area with potential and advantages in infrastructure, tourism services, marine economy, mineral resources and energy project development. In recent times, all three provinces have had outstanding achievements in attracting FDI, with major projects on seaports, industrial parks, wind power, and economic growth at a fairly high level. This is a favorable condition for the banking sector to promote credit growth, coordinate with related sectors to actively support the implementation of socio-economic development tasks of the provinces.

Based on the direction of the Governor of the State Bank of Vietnam, the Provincial Party Committees - People's Committees of the provinces, and units under the State Bank of Vietnam Region 8 have developed tasks and solutions on currency and banking activities in the area for implementation; directed units to strictly implement the industry's direction, increase credit growth safely and effectively, limit bad debt increase, and ensure the safety of credit institutions.

As of March 31, 2025, the total outstanding debt of credit institutions and credit institution branches in the State Bank of Vietnam Region 8 reached over VND 531,350 billion, an increase of VND 13,157 billion compared to the beginning of the year, equivalent to an increase of 2.5%. Of which, outstanding debt in Nghe An accounted for 61%, Ha Tinh accounted for 21% and Quang Binh accounted for 18% of outstanding debt.

Outstanding debt classified by term, short-term debt accounts for about 65% of total outstanding debt; medium and long-term debt accounts for about 35% of total outstanding debt.

State Bank of Vietnam, Region 8 Branch, continues to direct local credit institutions to direct credit to production and business sectors.

In the coming time, the State Bank of Vietnam, Region 8 Branch, will continue to direct credit institutions and credit institution branches to direct credit to production and business sectors, priority sectors, credit programs under the direction of the Government, key socio-economic projects and schemes; exploit potential and strong sectors of localities in the region.

At the same time, closely monitor and supervise the capital mobilization situation and interest rate developments in the area, strive to reduce the lending interest rate level according to the general orientation of the Government and the State Bank of Vietnam; well control credit in areas with potential risks, ensure credit growth goes hand in hand with the operational safety of credit institutions...

Source: https://baohatinh.vn/du-no-he-thong-cac-ngan-hang-thuoc-khu-vuc-8-dat-tren-531-nghin-ty-dong-post285898.html