On November 6, Mr. Tran Ngoc Vinh - Deputy Director of the State Bank of Vietnam, Lam Dong Branch, said that by the end of September 2023, the balance of mobilized capital at credit institutions in the area reached VND 95,500 billion, an increase of VND 4,390 billion compared to the beginning of the year, reaching 38.4% of the target for mobilization growth in 2023. Capital mobilization in Lam Dong province accounted for 35.5% of the total mobilization of the 5 Central Highlands provinces.
Regarding credit activities, by the end of September 2023, outstanding loans reached 169,000 billion VND, an increase of 10,500 billion VND compared to the beginning of the year, outstanding loans in Lam Dong province accounted for 33.3% of total outstanding loans of 5 Central Highlands provinces.
Outstanding loans as of September 30, 2023 reached 45.5% of the target for outstanding loans growth in 2023 (14.5%). The main reason is that credit demand has decreased sharply, some businesses are currently in a state of no orders, output has decreased sharply, so they have narrowed production and business, operated cautiously, switched to using equity capital to reduce loan capital to reduce the burden of interest.
Some customer groups have needs but do not meet the loan conditions; Some customers have a large proportion of loans in total capital, using loans ineffectively, leading to financial pressure for borrowers. After a long period of economic difficulties, the risk level of customers is assessed higher, especially when business operations are difficult to prove effective in the current context.
Regarding the real estate sector, Mr. Tran Ngoc Vinh said that in the province, on August 9, 2023, Lam Dong Provincial People's Committee issued an official dispatch announcing the List of social housing and workers' housing in Lam Dong province in need of loans under the 120,000 billion VND Program, including 1 Housing project for workers and laborers in Phu Hoi Industrial Park, Duc Trong district with a loan demand of 164.47 billion VND.
Agribank Lam Dong branch has prepared capital to meet the capital needs of the project, however, with the support of the Provincial People's Committee, the investor temporarily uses capital from the Lam Dong Provincial Development Investment Fund.
In Lam Dong province, by September 30, 2023, 56 customers had their debt repayment terms restructured and their debt groups kept the same according to Circular 02 with a total value of restructured principal and interest of VND 164.7 billion, of which: Principal: VND 147.5 billion; Interest: VND 17.2 billion.
Source
Comment (0)