State Bank Region 14: Increasing capital investment for production and business development

Although newly established, the State Bank of Vietnam (SBV) Region 14 has directed credit institutions (CIs) to reduce costs to reduce lending interest rates. At the same time, it has publicized average lending interest rates, information on credit packages, programs, and banking products for customers to refer to when accessing loans. Thereby, contributing significantly to economic growth and ensuring social security.

CREDIT GROWTH

According to the State Bank of Vietnam (SBV) Region 14, in the context of low VND mobilization interest rates and lower attractiveness compared to other profitable channels, capital mobilization in the whole region as of March 2025 reached more than VND 289,000 billion. Of which, in Bac Lieu province alone, in the first quarter of 2025, the total capital mobilization of banks reached VND 32.5 trillion, an increase of 1.92% over the same period. At the same time, credit institutions in the province have invested in production and business development (SX-KD) with a total outstanding loan balance of VND 45,600 billion, an increase of 1.8% over the same period.

Enterprises borrow capital to develop production and business at BIDV Bac Lieu. Photo: KT

In general, credit ensures sufficient and timely supply of capital for production and business of organizations and individuals in the area, preventing projects and plans eligible for loans from being unable to access bank credit capital, credit mechanisms and policies, and local growth drivers. The total outstanding debt of the whole region as of March 2025 reached more than VND 387,000 billion, an increase of 0.42% compared to the end of 2024, accounting for 32.08% of the total outstanding debt of the Mekong Delta region and 2.46% of the total outstanding debt of the economy.

Particularly, credit for priority areas is given attention and focus, such as: agricultural and rural loans with outstanding loans reaching nearly 166,000 billion VND, accounting for 25.2% of the total outstanding loans of agriculture and rural areas in the region; small and medium enterprises with outstanding loans reaching over 69,000 billion VND, accounting for 41.3% of the total outstanding loans of small and medium enterprises in the region; export outstanding loans reaching over 30,000 billion VND, accounting for 55.1% of the total outstanding export loans of the region. Social policy credit continues to grow well (up 1.03% compared to the end of 2024, reaching over 22.3 trillion VND, accounting for 34.2% of the total outstanding policy credit of the region...

CONTINUING TO CONNECT BANKS AND BUSINESSES

In order to increase resources for the economy, the State Bank of Region 14 directed the regional credit institutions to continue to promptly and effectively implement the monetary policy and monetary, credit and banking solutions of the State Bank in 2025 in accordance with the local situation and developments in the national monetary, credit and foreign exchange markets, especially interest rates, exchange rates and credit growth. In addition, ensure capital mobilization and credit growth in accordance with the requirements of local socio-economic development. Safe and effective credit growth, ensuring credit capital for production and business, focusing on lending to priority areas, growth drivers according to the Government's policies, socio-economic development programs, strengths of the province and the region. Continue to promote the connection between banks and enterprises, creating favorable conditions for people and enterprises to access bank credit capital. 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 policies and orientations of the Government and the State Bank of Vietnam. Control credit well for areas with potential risks, ensure credit growth goes hand in hand with the operational safety of credit institutions. Implement plans and schemes to restructure and handle bad debts according to the Project on restructuring the system of credit institutions associated with handling bad debts in the period of 2021 - 2025, the approved development orientation of the system of credit institutions...

In addition, the State Bank of Region 14 requested relevant Departments and Bureaus to promptly complete operational guidelines due to changes in the organization structure, creating favorable conditions for the State Bank of Region to stabilize its operations. The People's Committees of provinces and cities in the region continue to pay attention to and direct departments and branches to coordinate in implementing monetary, credit and banking solutions in the area, creating favorable conditions for the operations of the State Bank of Region 14 in particular and the banking sector in general.

KIM TRUNG

Source: https://www.baobaclieu.vn/kinh-te/ngan-hang-nha-nuoc-khu-vuc-14-tang-cuong-dau-tu-von-cho-phat-trien-san-xuat-kinh-doanh-100247.html