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The increase in mobilized capital has created conditions for credit institutions to be more proactive in lending to the economy. Accordingly, by the beginning of April 2024, the total outstanding debt The entire banking system in Thanh Hoa province reached more than 172,000 billion VND, an increase of 0.6% compared to the beginning of the year.

Currently, credit institutions in the province are actively implementing programs to connect banks and enterprises, prioritizing credit sources for production and business development; lending to agricultural and rural areas, lending to poor households and policy beneficiaries. At the same time, strengthening programs to exempt and reduce interest rates, restructure debt repayment terms, and provide new additional loans to remove difficulties for people and enterprises to develop production and business.
Source: 2pm News on April 7, 2024
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