Quang Nam banking sector actively pushes capital into the economy

Customers borrow capital at Vietcombank Quang Nam on February 10. Photo: QUANG VIET

Accelerated from the beginning of the year

From the beginning of the year, Vietcombank Quang Nam welcomed a large number of customers to make transactions. Mr. Vo Van Duc - Director of Vietcombank Quang Nam said that in 2024, the credit quality was guaranteed, bad debt was insignificant... which is a good result. Entering 2025, with a cautious spirit, carefully evaluating loan options, the bank has "opened the door" to customers who meet loan conditions. "We have streamlined procedures, creating the best conditions for customers to borrow capital from the beginning of the year" - Mr. Duc said.

In recent times, Vietcombank Quang Nam has been known as a commercial bank that always pays attention to improving and innovating lending processes towards simplifying procedures.

At the same time, improve appraisal capacity to shorten loan processing time, creating conditions for businesses and people to access bank capital for investment in production and business.

Meanwhile, BIDV Quang Nam is also considered a bank that is offering many credit products with flexible lending conditions and preferential interest rates to facilitate businesses' access to capital. BIDV's "accompanying corporate customers" program is highly appreciated by customers because it has many attractive incentives, supporting businesses in economic growth.

Ms. Vu Thi To Nga - Director of BIDV Quang Nam said that January 2025 is the end of the lunar year, so many individual and corporate customers are taking advantage of paying off their debts after a year of doing business.

Customers are advised by bank staff on loan programs that suit their needs and repayment ability. Photo: QUANG VIET

BIDV Quang Nam's outstanding debt is currently at over 10,600 billion VND. Right after Tet, customers continuously come to borrow capital. BIDV Quang Nam has created favorable conditions for customers to borrow capital. It is expected that in the near future, BIDV's outstanding debt will increase.

According to statistics of the State Bank of Vietnam, Quang Nam branch, by the end of January 2025, outstanding loans of credit institutions in Quang Nam reached VND 117,037 billion (up 2% compared to the beginning of the month).

2025 is the year of acceleration, reaching the finish line, striving to achieve the highest socio-economic development goals for the 2021 - 2025 period, aiming for double-digit growth in the 2026 - 2030 period, so commercial banks have urgently pushed capital into the market.

Solution to break through

Mr. Pham Trong - Director of the State Bank of Vietnam, Quang Nam branch, said that the growth of outstanding loans of the banking industry in 2024 is quite complicated, mainly growing in the fourth quarter; however, the growth rate is low and has not reached the credit target assigned from the beginning of the year (reaching 93.46% of the plan).

However, considering the context of Quang Nam's socio-economic situation in 2024 facing many fluctuations, the 2024 GRDP growth rate increased by 7.1%, the 7.31% credit growth rate of the banking industry is also a very commendable effort.

Investing capital into the economy to promote socio-economic development. Photo: QUANG VIET

According to Mr. Pham Trong, regarding credit growth management in 2025, the State Bank has determined the credit growth target at 16% with adjustments in accordance with actual developments.

Since the beginning of the year, the State Bank has announced credit growth targets to credit institutions and local branches of the State Bank. This is an appropriate management method in the context of controlled inflation.

In 2025, the State Bank will continue to research the most feasible credit solutions, especially to unblock credit for production, business and consumption to exploit domestic demand.

In 2025, the State Bank of Vietnam, Quang Nam branch, will guide, monitor and urge credit institutions in the area to synchronously implement solutions to create breakthroughs in the fields of currency, credit, foreign exchange, etc.

Safe and effective credit growth, directing credit to production and business sectors, priority sectors and implementing specific credit programs and policies. Strictly controlling credit for sectors with potential risks; creating favorable conditions for people and businesses to access bank credit capital, contributing to limiting black credit...

“The State Bank of Vietnam, Quang Nam branch, monitors and grasps the socio-economic situation and banking activities in the area to advise local authorities and authorities on implementing appropriate credit policies and programs. We continue to promote digital transformation in banking activities; ensuring the safety of the banking transaction system,” said Mr. Pham Trong.

By the end of January 2025, the total accumulated debt value (principal and interest) that commercial banks had restructured for customers was VND 1,216 billion (serving living and consumption needs was VND 57 billion; serving production and business activities was VND 1,159 billion). Banks have restructured the debt repayment period for 375 customers (30 individuals, 74 businesses and 1 cooperative).

Source: https://baoquangnam.vn/nganh-ngan-hang-quang-nam-tich-cuc-day-von-vao-nen-kinh-te-3148906.html