Ha Tinh Bank strives to "pump capital" into the economy

Reforming administrative procedures, processing documents at the fastest level, proactively consulting and providing financial solutions for customers... are solutions deployed by the Ha Tinh banking sector to inject capital into the economy .

Trying to overcome the negative impacts of the global economic recession, the business community, cooperatives and production and business households in Ha Tinh are making efforts to maintain and develop the supply chain, soon complete the growth target for 2023, creating momentum for new business strategies. To have more "fighting power", many businesses and individuals continue to request credit institutions to facilitate capital access.

Ha Tinh Bank strives to

Ha Tinh Banking Industry is making efforts to attract capital and "accelerate" with businesses with investment strategies.

Giang Thang Trading and Service Company Limited (Nguyen Cong Tru Street, Ha Tinh City) specializes in trading and distributing consumer goods to thousands of businesses in the province.

Ms. Dau Thu Giang - Director of the company said: "In response to the need to develop the market, the company has just borrowed billions of VND from Vietcombank Ha Tinh to expand warehouses, infrastructure, and invest in increasing the scale of goods. From now until the end of the year, the shopping needs of the people are large, so the business situation of the unit is expected to be very favorable."

Currently, Vietcombank Ha Tinh is providing capital to nearly 7,500 customers, including nearly 1,000 businesses; the total outstanding loan balance of the entire branch to date has reached nearly 15,000 billion VND.

Ms. Nguyen Thi Hanh - Head of Retail Customer Department, Vietcombank Ha Tinh said: "We always prioritize capital for production and business sectors. Branch staff proactively advise and provide financial solutions to customers, supporting them to complete the required documents and procedures in accordance with regulations.

On the bank side, it will streamline paperwork, push transactions to digital channels, making it convenient for customers to monitor and control cash flow in their bank accounts. In addition, Vietcombank applies a preferential interest rate policy including business customers and customers borrowing for living purposes, the interest rate has decreased by 3-4% compared to the beginning of the year.

Ha Tinh Bank strives to

Vietcombank Ha Tinh's total outstanding debt currently reaches nearly 15,000 billion VND.

Identifying credit growth as a key solution from now until the end of the year, Agribank Ha Tinh II Branch has proactively improved competitive efficiency and increased credit scale.

Mr. Duong Minh Ha - Head of Corporate Customer Department, Agribank Ha Tinh II Branch said: "The branch has policies to apply appropriate interest rates, implement programs and preferential policies of the Government and Agribank to maintain traditional customers and expand new customers. At the same time, strengthen relationships with agencies, organizations, local authorities... to access loans for projects, economic models, green credit loan programs... By August 12, 2023, the branch's total outstanding debt reached 13,200 billion VND with 41,675 beneficiaries".

North Central Metal Company Limited (Thach Ha district) specializes in trading and distributing construction materials. This enterprise is being lent tens of billions of VND by Agribank Ha Tinh II Branch to expand its operations.

According to the representative of North Central Metal Company Limited, this is the peak construction season. In addition to the need to build new houses and repair houses, public investment projects are also being accelerated, so the demand for construction materials is quite large. In this context, the bank has assessed and increased the credit limit, creating conditions for businesses to import large quantities of goods to meet customer demand.

Ha Tinh Bank strives to

Customers come to make transactions at Agribank Ha Tinh II Branch.

For enterprises and cooperatives directly involved in production, the need for investment loans is even higher. At this time, to sustainably maintain the chain of links with 18 satellite farms in Duc Tho and Can Loc districts, creating stable jobs for a large number of local workers, Ha Tinh Agricultural and Forestry Development Joint Stock Company is receiving capital support from the bank.

According to Mr. Nguyen Huu Dong - Deputy Director of Ha Tinh Agricultural and Forestry Development Joint Stock Company, in the first quarter and early second quarter of 2023, the unit faced many difficulties when the price of live pigs dropped while the price of animal feed increased by over 30%. However, currently, the price of live pigs in the area has shown signs of positive growth, the enterprise has proactively increased the herd and output with the goal of reaching 118 billion VND in the last 6 months of the year.

According to records, the joint stock commercial banking sector in Ha Tinh is also actively injecting capital into the economy in the last months of the year. Priority solutions are being implemented such as: reforming administrative procedures, streamlining paperwork, promoting digital transformation, processing customer records at the fastest rate since receiving information... Some credit institutions in the area have large outstanding debts such as: ACB nearly 3,200 billion VND, VPBank about 2,000 billion VND, MB Bank, Sacombank both over 1,600 billion VND...

In general, over the past time, the Ha Tinh banking sector has made efforts and determined to support people and businesses in accessing credit capital. However, credit in the locality as well as the whole country tends to grow relatively slowly, reflecting the low capital absorption capacity of the economy. Specifically, in the first 6 months of the year, credit in the whole economy increased by only 4.76% compared to the end of 2022.

Ha Tinh Bank strives to

Businesses need a lot of capital to complete production and business plans in the last months of the year.

In Ha Tinh, by July 31, 2023, total outstanding loans reached VND 91,500 billion, an increase of only 4.93% compared to the end of 2022. To complete the credit growth target set by the Ha Tinh banking sector in 2023 (an increase of 14 - 16% compared to the end of 2022), requires high determination from credit institutions.

In the last months of the year, the State Bank of Ha Tinh province continued to direct credit institutions in the area to manage credit according to the orientation targets, associated with improving credit quality and handling bad debts. At the same time, safe and effective credit growth, focusing on production sectors, priority sectors according to the Government's policies and key projects of the province; strictly control credit in potentially risky sectors; continue to effectively implement the interest rate support policy...

Thu Phuong

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