Lao Cai's credit balance reaches nearly 68,600 billion VND

According to news from the State Bank of Vietnam, Region IV Branch, banking operations in Lao Cai province have developed stably and credit growth has reached 6.6%.

Transaction activities at the Bank for Agriculture and Rural Development, Lao Cai Province Branch.

Up to now, the total mobilized capital in the province has reached VND 54,320 billion, an increase of VND 3,105 billion (up 6.1%) compared to December 31, 2024, of which, residential deposits reached VND 42,219 billion, an increase of VND 2,095 billion; payment deposits reached VND 12,100 billion, an increase of VND 1,013 billion.

Outstanding loans reached nearly VND 68,600 billion, an increase of VND 4,219 billion (up 6.6%) compared to December 31, 2024, of which short-term outstanding loans reached VND 37,074 billion, an increase of VND 2,050 billion; medium and long-term loans reached VND 31,526 billion, an increase of VND 2,170 billion.

Capital to meet the borrowing needs of businesses and people.

Credit in Lao Cai continues to be prioritized for economic sectors and strong fields including: Industry and construction, trade - services, agriculture - forestry - fishery, agriculture - rural areas, import - export enterprises, business households and cooperatives...

Credit is prioritized for economic sectors and areas of strength of the province.

In particular, in the first months of the year, the interest rates of banks in the province remained low, helping businesses, business households and cooperatives reduce borrowing costs, thereby expanding production and business activities. Therefore, credit quality was guaranteed, with the bad debt ratio at about 1% of total outstanding debt.

Source: https://baolaocai.vn/du-no-tin-dung-cua-lao-cai-dat-gan-68600-ty-dong-post403490.html