Total mobilized capital of Quang Tri banking industry reaches 36,437 billion VND in 2023

This afternoon, January 13, in Dong Ha City, the State Bank of Vietnam, Quang Tri Province Branch, held a conference to review the monetary policy management and banking activities in the area in 2023 and deploy tasks for 2024. Deputy Head of the Provincial National Assembly Delegation Hoang Duc Thang; Vice Chairman of the Provincial People's Committee Le Duc Tien attended the conference.

Conference to review monetary policy management and banking activities in the area in 2023 - Photo: TP

In 2023, overcoming all difficulties and challenges, the State Bank of Vietnam, Quang Tri branch and credit institutions in the area still proactively followed the directions of the Government, the Central Bank, the Provincial Party Committee and the Provincial People's Committee to effectively direct and operate.

Notably, the solutions to direct the implementation of credit programs to support businesses, people and policy subjects according to Resolution 43 of the National Assembly and Resolution No. 11 of the Government, the issue of increasing access to credit for businesses and people such as: continuing to remove difficulties and obstacles; implementing the policy of reducing lending interest rates, restructuring debt repayment terms.

Thereby increasing access to credit capital for businesses and people. Non-cash payments in the area are increasingly developing, many banking services are completely on digital channels with simple and quick processes and procedures.

Many banking products and services are widely available to people in rural, remote and isolated areas of the province. Payment activities are safe. Capital mobilization has grown quite well, reaching VND 36,437 billion as of December 31, 2023; an increase of VND 5,016 billion with an increase rate of 15.96% compared to the end of 2022. Credit quality is guaranteed, bad debt accounts for 0.83%, credit institutions' operations are safe...

In 2024, the Quang Tri banking sector has set out key tasks. It focuses on organizing and implementing monetary, credit and foreign exchange policies in the area; conducting inspection, supervision and control; preventing and combating violations of the law in the banking sector.

Promote digital transformation in banking activities; promote cashless payments; ensure the safety of information technology systems, electronic payments, and card payments in the area.

Total mobilized capital of Quang Tri banking industry reaches 36,437 billion VND in 2023

Vice Chairman of the Provincial People's Committee Le Duc Tien gave a speech at the conference - Photo: TP

Speaking at the conference, Vice Chairman of the Provincial People's Committee Le Duc Tien acknowledged and praised the results that the Quang Tri banking sector has achieved in the past time. In the face of forecasts of fluctuations in the world economy in 2024, in order to promote the achievements, the Vice Chairman of the Provincial People's Committee requested the provincial banking sector to focus on seriously, synchronously and effectively implementing solutions to manage monetary policy, credit interest rates, resolve bad debts and comprehensively restructure credit institutions under the direction of the Government and the Governor of the State Bank of Vietnam. Direct credit institutions in the area to implement monetary and credit solutions to expand credit safely and effectively.

At the same time, propose appropriate solutions to maximize recovery of bad debts. Actively carry out administrative reforms, modernize procedures, promote digital transformation, continue to effectively implement the Project on Developing Non-Cash Payments in Vietnam for the period 2021 - 2025...

Vice Chairman of the Provincial People's Committee Le Duc Tien believes that the staff of the entire provincial banking system will overcome difficulties and challenges, successfully complete assigned tasks, and contribute to the successful implementation of the province's socio-economic development tasks in 2024 and the following years.

Truc Phuong

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