By the end of January, outstanding loans of Quang Nam commercial banks reached 117,037 billion VND.

Customers deposit money automatically at Vietcombank ATM in Quang Nam on February 10. Photo: QUANG VIET

Mr. Pham Trong - Director of the State Bank of Vietnam, Quang Nam branch, said that for priority lending sectors, as of January 31, agricultural and rural loans had outstanding loans of VND33,050 billion (up 2.77% compared to the previous month, accounting for 28.24% of total outstanding loans); export loans had outstanding loans of VND1,500 billion (up 19.71% compared to the previous month, accounting for 1.28% of total outstanding loans); loans to small and medium enterprises had outstanding loans of VND14,000 billion (up 4.06% compared to the previous month, accounting for 11.96% of total outstanding loans); loans to supporting industries had outstanding loans of VND7,000 billion (up 6.67% compared to the previous month, accounting for 5.98% of total outstanding loans).

Regarding the implementation of the 120 trillion VND credit package, up to now, in the province, there are 3 social housing investment projects that have been approved by the Provincial People's Committee for investment policy and are being implemented.

However, according to the report of the Department of Construction, the investors of these projects have not proposed loan needs to relevant agencies; therefore, up to now, Quang Nam has no outstanding debt under the 120 trillion VND loan program.

Bad debt tends to decrease gradually in the last months of the year. By the end of January 2025, the total bad debt in the area was 1,182 billion VND (accounting for 1.01% of total outstanding debt, down 27.4% compared to the previous month).

Source: https://baoquangnam.vn/den-cuoi-thang-1-du-no-cho-vay-cua-cac-ngan-hang-thuong-mai-quang-nam-dat-117-037-ty-dong-3148782.html