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

Credit institution connecting banks and businesses. Photo: Q.VIET

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

Outstanding loans of priority lending programs as of April 30 achieved many results. Specifically, loans for agriculture and rural areas reached VND28,750 billion (up 2.65% compared to the previous month, accounting for 26.1% of total outstanding loans); export loans reached VND1,780 billion (up 7.88% compared to the previous month, accounting for 1.61% of total outstanding loans); loans for small and medium enterprises reached VND15,450 billion (up 9.06% compared to the previous month, accounting for 14% of total outstanding loans); loans for supporting industries reached VND4,800 billion (up 1.05% compared to the previous month, accounting for 4.35% of total outstanding loans)...

Agricultural and rural lending is a priority credit program. Photo: Q.VIET

Regarding social housing loans, up to now, the province has 3 projects with land funds for social housing development that have been approved by the Provincial People's Committee for investment policy and are being implemented. Credit institutions have actively supported and created conditions for project owners to borrow capital, however, investors have not proposed loan needs for the above projects.

Regarding the policy of restructuring debt repayment terms for customers according to Circular No. 02 of the State Bank of Vietnam , by the end of April, the total accumulated debt value (principal and interest) that had been restructured for repayment terms was VND 1,174.57 billion for 340 customers (274 individuals, 65 enterprises and 1 cooperative union).

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