On February 22, at the headquarters of the Provincial Party Committee of Hoa Binh, Governor of the State Bank Nguyen Thi Hong had a meeting and working session with the Provincial Party Committee, People’s Council, and People’s Committee of Hoa Binh province.
During the working session, Mr. Nguyen Phi Long, Secretary of the Provincial Party Committee of Hoa Binh province, discussed some information about the economic, political, cultural, and social situation in the province. He informed that in the banking sector, the banking industry has created favorable conditions for the development of the province’s rural economy, with the non-performing loan ratio accounting for only 0.49% of the total outstanding loans. This is a favorable condition for the province to achieve its growth targets as well as an encouragement for credit institutions in the province to continue contributing to the province’s overall results in the near future.
According to the report at the working session, the total loan outstanding balance of credit institutions in Hoa Binh province as of December 31, 2023 reached 40,061 billion VND, an increase of 5,710 billion VND (16.6%) compared to the same period last year. Of which, short-term debt accounted for 45.2%; long-term debt accounted for 54.8%. In the first 2 months of 2024, the total loan outstanding balance and total capital of banks and credit institutions in the area tended to decrease slightly by 1-2%. Loans for credit programs for policy beneficiaries, ethnic minorities, and priority sectors continue to be implemented…
In general, the credit growth of credit institutions in the province is higher than the general credit growth of the whole economy in 2023 (13.5%). The non-performing loan ratio of credit institutions in Hoa Binh province is also much lower than the national average. Updating the non-performing loan situation at the “Implementation of the banking tasks in 2024” press conference earlier this year, leaders of the State Bank of Vietnam (SBV) said that due to the difficult economic conditions, the non-performing loan ratio in the banking system increased to 4.95%…
In order to support businesses in overcoming difficulties in production and business, improving access to loans with reasonable interest rates, commercial banks in Hoa Binh province have implemented a policy of supporting an interest rate of 2% per year for loans with a loan amount of 475.4 billion VND/20 customers, with a total support amount above 2 billion VND; restructuring debt for 80 customers (including 51 business customers and 29 individual customers); implementing the 120,000 billion VND loan program according to Resolution 33/NQ-CP…
In addition, the Hoa Binh Social Policy Bank (SPB) has supplemented capital, disbursed timely capital for policy credit programs; creating favorable conditions for the poor and other policy beneficiaries to quickly access policy credit, saving time and travel costs, especially in remote and isolated areas; implementing the consolidation and improvement of the quality of savings and loans activities in the area, the results of entrusted credit activities…The loan amount in 2023 of the SPB reached 1,278.4 billion VND, with over 30 thousand loan customers; the loan amount in the first 2 months of the year was estimated at 244.9 billion VND, with over 5.2 thousand loan customers…
