The above information was announced by Deputy Governor of the State Bank of Vietnam Pham Thanh Ha at the Conference "Connecting banks - businesses in Thai Nguyen province" on October 4.
Accordingly, from the beginning of the year, the State Bank of Vietnam has targeted credit growth for the whole year of 2023 at about 14-15% (higher than growth in previous years), with appropriate adjustments based on developments and actual situations.
By September 29, 2023, credit in the entire economy reached about VND 12,749 trillion, up 6.92%. However, this increase is still significantly lower than the same period of previous years.
According to the Deputy Governor, credit growth for some priority sectors is higher than the general level.
Specifically, by July 31, 2023, credit for the supporting industry sector reached over VND 335,000 billion, accounting for 2.69%, up 13.47% compared to the end of 2022. Credit for high-tech enterprises was about VND 44,700 billion, accounting for 0.36%, up 16.09%.
For Thai Nguyen province, in 2022, credit growth reached nearly 16%, higher than the general credit growth. However, the province's credit growth in the first 9 months of the year was only 4.51%, lower than the industry's credit growth and lower than the same period in 2022 (10.85%).
Deputy Governor of the State Bank Pham Thanh Ha.
Credit situation in Thai Nguyen province of some industries tends to decrease.
Specifically, credit for the agriculture, forestry and fishery sector decreased by 0.29% compared to the end of 2022. Credit for the mining sector decreased by 5.54%, accounting for 1.57% of outstanding credit; wholesale and retail; repair of motorcycles, cars, motorbikes and other motor vehicles decreased by 1.09%, accounting for 41.81%. Credit for priority sectors decreased, of which outstanding credit for agricultural and rural development decreased by 10.23%, and for small and medium enterprises decreased by 6.28%.
However, some sectors and fields of Thai Nguyen province have high credit growth such as: processing and manufacturing industry increased by 7.55%, real estate business increased by 14.45%, accommodation and food services increased by 14.31%. Outstanding credit for FDI enterprises increased by 30.98%, state-owned enterprises increased by 7.36%.
Accordingly, the State Bank said that although the entire banking sector has made efforts to implement policies and solutions, many of which are implemented with the resources of credit institutions themselves, the provision and access to credit of enterprises across the country in general and in Thai Nguyen province in particular still face many difficulties and challenges.
Therefore, to contribute to promoting production and business in Thai Nguyen province, in addition to solutions from ministries, branches and localities, in the coming time, the banking sector will continue to actively implement banking and credit solutions for the region.
Implement solutions to manage monetary policy and banking operations to control inflation, support economic growth at a reasonable level, and link bank credit investment to implement programs and projects according to the province's planning.
Credit focuses on production and business sectors, priority sectors; consider giving priority to granting credit according to green classification categories, lending to meet people's housing needs, social housing projects, worker housing, low-cost commercial housing projects...
Conference overview.
The Deputy Governor of the State Bank of Vietnam affirmed that the banking sector is ready to implement solutions to remove difficulties and meet the demand for credit capital for economic development in Thai Nguyen province.
With the solutions of the banking sector and the leadership, direction and close attention of the Provincial Party Committee, People's Committee, People's Council, together with the Departments, branches, associations, unions will help people and businesses in the province overcome difficulties, promote production and business activities, create momentum for local socio-economic development and contribute to the overall development of the country in the coming time .
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