Total outstanding loans of the Provincial Development Investment Fund reached nearly 60 billion VND.

The People's Committee of Thai Binh province has just held a meeting of the Management Board of the Provincial Development Investment Fund and the Provincial Land Development Fund, listening to a report on the 9-month operation situation, and deploying directions and tasks for the last 3 months of 2024.

Accordingly, in the first 9 months of 2024, the Thai Binh Provincial Development Investment Fund disbursed loans to 4 projects with a total amount of nearly 40 billion VND. Accumulated to September 30, 2024, the Fund disbursed loans to 5 projects with a total amount of nearly 60 billion VND, reaching 74.5% of the loan decision.

Thai Binh Provincial Development Investment Fund lends capital to invest in the construction of Diem Dien Water Plant.

In debt collection, as of September 30, 2024, the Fund has urged the collection of 5 projects with an amount of nearly 13 billion VND, reaching 100% of the principal and interest due. As of September 30, 2024, the total outstanding loan balance of the Provincial Development Investment Fund reached nearly 60 billion VND.

As the entrusted unit, the Provincial Development Investment Fund advised the Provincial Land Development Fund Management Board to issue 6 decisions to advance capital for site clearance of 6 projects with a total amount of more than 30 billion VND, thereby contributing to speeding up the implementation progress of important projects of the province; at the same time, urging and implementing the recovery of advanced capital due for 6 projects with a total amount of nearly 80 billion VND.

Regarding the Provincial Land Development Fund, in the first 9 months of 2024, the Fund's operational management agency and the entrusted unit actively urged the recovery of advanced capital of 6 projects with an amount of nearly 80 billion VND.

Speaking at the meeting, Permanent Vice Chairman of Thai Binh Provincial People's Committee Nguyen Quang Hung, Chairman of the Management Board of the Provincial Development Investment Fund and the Provincial Land Development Fund requested that in the last months of the year, the Provincial Development Investment Fund continue to urge the recovery of advanced capital for projects advanced from the Provincial Land Development Fund that have reached the repayment deadline, and recover the principal and interest of ODA capital of the Rural Energy Project 2 in the area.

Standing Vice Chairman of Thai Binh Provincial People's Committee Nguyen Quang Hung, Chairman of the Management Board of the Provincial Development Investment Fund and the Provincial Land Development Fund spoke at the meeting.

Recover debts for rural clean water projects from World Bank loans and national target program capital in the province, continue to urge the recovery of advanced funds for cement purchases to repay the provincial budget; urgently seek projects for loans, improve loan appraisal work on that basis, accurately and honestly assess the effectiveness of the project and the ability of borrowers to repay loans; strengthen the work of urging loan collection, have appropriate and flexible solutions to make loan collection effective, and prevent bad debts from arising.

Regarding the Provincial Land Development Fund, Mr. Nguyen Quang Hung requested to accelerate the recovery of advanced capital from projects with advanced capital that have reached maturity; proactively advise the Provincial Land Development Fund Management Board to advance capital for key projects under the direction of the Provincial Party Committee and Provincial People's Committee.

Source: https://www.congluan.vn/thai-binh-tong-du-no-cho-vay-cua-quy-dau-tu-phat-trien-tinh-dat-gan-60-ty-dong-post315914.html