By the end of April 2024, the total outstanding loans for agriculture and rural areas reached VND 28,750 billion.

Credit institutions connect banks and businesses. Photo: Q. VIET

Accordingly, commercial banks have implemented many solutions to directly support businesses, such as increasing new loans, restructuring loan debts, reducing lending interest rates, diversifying credit products, and developing many specific credit programs to support businesses with reasonable interest rates; with convenient and transparent procedures...

Outstanding loans under priority lending programs as of April 30th showed significant results. Specifically, loans for agriculture and rural areas reached VND 28,750 billion (an increase of 2.65% compared to the previous month, accounting for 26.1% of total outstanding loans); export loans reached VND 1,780 billion (an increase of 7.88% compared to the previous month, accounting for 1.61% of total outstanding loans); loans for small and medium-sized enterprises reached VND 15,450 billion (an increase of 9.06% compared to the previous month, accounting for 14% of total outstanding loans); loans for supporting industries reached VND 4,800 billion (an increase of 1.05% compared to the previous month, accounting for 4.35% of total outstanding loans)...

Lending to agriculture and rural areas is a priority credit program. Photo: Q. VIET

Regarding social housing loans, to date, there are 3 projects in the province that have allocated land for social housing development and have received investment approval from the Provincial People's Committee, and are currently being implemented. Credit institutions are actively supporting and facilitating loan access for project owners; however, the investors have not yet submitted loan requests for these projects.

Regarding the policy of restructuring loan repayment terms for customers under Circular No. 02 of the State Bank of Vietnam , by the end of April, the cumulative total value of restructured debt (principal and interest) was VND 1,174.57 billion for 340 customers (274 individuals, 65 businesses, and 1 cooperative union).

Source: https://baoquangnam.vn/den-cuoi-thang-4-2024-tong-du-no-cho-vay-nong-nghiep-nong-thon-dat-28-750-ty-dong-3134011.html