Yen Bai - Credit institutions closely follow the solutions for managing monetary, foreign exchange policies, and banking activities of the Government, the State Bank of Vietnam, and the head office to implement business plans; increase capital mobilization from within the economy through developing products and services, diversifying types of mobilization, and improving customer service quality.
 |
Customers transact at the Bank for Agriculture and Rural Development, Provincial Branch. |
>> Yen Bai province's banking sector affirms its role as the lifeblood of the economy
>> Yen Bai banking sector helps businesses and people overcome difficulties
>> Yen Bai Bank strives to complete credit growth plan
>> Yen Bai banking industry affirms its role as an important driving force for the economy
>> Yen Bai Bank accompanies businesses
With the role of state management of currency and banking activities in the area, the State Bank of Vietnam Provincial Branch has directed bank branches and credit institutions to comply with legal regulations, operate safely and effectively, and contribute positively to the socio-economic development of the province. To actively support the economic growth of the province, bank branches and credit institutions focus on expanding credit investment along with strengthening credit quality management, supporting capital for businesses and people to maintain production and business development.
Total mobilized capital of bank branches and credit institutions as of December 31, 2024 reached VND 55,357 billion, an increase of 10.94% compared to December 31, 2023, of which: locally mobilized capital reached VND 34,933 billion, an increase of 10.58% compared to December 31, 2023. It is estimated that by January 31, 2025, total capital will reach VND 55,800 billion, an increase of 0.8% compared to December 31, 2024, of which: locally mobilized capital will reach VND 35,250 billion, an increase of 0.9%. Bank branches and people's credit funds (PCFs) have continued to proactively source capital, capital growth has been maintained steadily since the beginning of 2025, meeting capital needs.
In 2024, bank branches and People's Credit Funds will continue to regularly review, evaluate and classify customers; at the same time, continue to promote active measures to recover and handle bad debts, and control bad debts. Bank branches and People's Credit Funds will strictly comply with capital safety ratios and liquidity. The on-balance sheet bad debt ratio as of December 31, 2024 accounts for only 0.36% of total outstanding loans.
Credit capital continues to be invested in lending for agricultural and rural development, small and medium enterprises, disbursement of committed projects, and lending to social policy beneficiaries. Outstanding loans for agricultural and rural development according to Decree No. 55 and Decree No. 116 of the Government reached VND21,199 billion, up 9.9%, accounting for 43.4% of total outstanding loans. Outstanding loans for the export sector reached VND701 billion, accounting for 1.4% of total outstanding loans.
Mr. Nguyen Thanh Hai - Director of the Provincial Branch of the Social Policy Bank said: "The branch has focused on disbursing capital according to the plan since the beginning of the year to lend 17 preferential credit programs for poor households, near-poor households, and social policy beneficiaries... Outstanding loans as of December 31, 2024 reached VND 5,491 billion, an increase of 12.8% compared to December 31, 2023, reaching 128% of the set plan; of which, outstanding loans for poor households reached VND 1,336 billion; loans for production and business in difficult areas reached VND 770 billion; loans for near-poor households were VND 677 billion; loans for job creation reached VND 943 billion; loans for newly escaped poverty households reached VND 780 billion; loans for clean water and environmental sanitation reached VND 714 billion... The above results have helped poor households and policy beneficiaries have capital to invest in production, increase income, and ensure their lives. and gradually escape poverty".
2025 is forecasted to be a year of continued difficulties and challenges due to the complicated and unpredictable fluctuations in the world situation; at the same time, it is the final year of implementing the 5-year plan according to the Resolution of the 19th Provincial Party Congress. To complete the set goals, the State Bank of Vietnam Provincial Branch continues to closely follow the orientation and objectives of the State Bank of Vietnam's monetary policy management, the socio-economic development goals of the province, fully and promptly deploy solutions on currency, credit, foreign exchange and banking activities to credit institutions in the area; regularly grasp information and situations, promptly advise the Provincial Party Committee and the Provincial People's Committee to implement policies, especially credit for agricultural and rural development, export, supporting industry, small and medium enterprises, labor-intensive enterprises, effective production and business projects, loans for hunger eradication and poverty reduction, and social security; Strengthen inspection, examination, supervision, proactively prevent and combat violations of the law...
Credit institutions closely follow the solutions for managing monetary, foreign exchange and banking policies of the Government, the State Bank of Vietnam and the head office to implement business plans; increase capital mobilization from within the economy through developing products and services, diversifying types of mobilization, improving customer service quality, etc.
In addition, the provincial branches of the State Bank of Vietnam require credit institutions to strictly control credit in areas with potential risks; improve credit assessment and appraisal capacity; promptly detect and strictly handle violations of the law in credit granting activities; continue to reduce costs, increase the application of information technology, digital transformation, etc.
Total outstanding loans of bank branches and people's credit funds as of December 31, 2024 reached VND 48,825 billion, an increase of 17.56% compared to December 31, 2023. Of which: outstanding short-term loans reached VND 23,346 billion, an increase of 19.7% compared to December 31, 2023, accounting for 47.8% of total outstanding loans; outstanding medium and long-term loans reached VND 24,832 billion, an increase of 12.6% compared to December 31, 2023, accounting for 50.8% of total outstanding loans, other loans reached VND 647 billion, accounting for 1.3% of total outstanding loans. It is estimated that by January 31, 2025, the total outstanding loans in the whole area will reach VND 49,200 billion, an increase of 0.7% compared to December 31, 2024, of which: outstanding short-term loans will reach VND 23,560 billion, an increase of 0.9% compared to December 31, 2024; outstanding medium and long-term loans will reach VND 24,940 billion, an increase of 0.4% compared to December 31, 2024; other loans will reach VND 700 billion, accounting for 1.4% of total outstanding loans, mainly loans in Vietnamese Dong, accounting for 99.35% of total outstanding loans. |
Quang Thieu
Source: http://baoyenbai.com.vn/12/345802/Yen-Bai-Giai-phap-hoan-thanh-muc-tieu-tang-truong-tin-dung.aspx
Comment (0)