Outstanding credit balance in agriculture, forestry and fishery sector reaches over 11,900 billion VND

Total outstanding loans in the agricultural, forestry and fishery sector of banks in Ha Tinh currently account for about 13.04% of total outstanding loans in the whole area.

Agriculture, forestry and fishery are the main economic sectors in the economy of Ha Tinh province. These sectors have created jobs for a large number of workers, contributing to the socio-economic development of the province.

Ha Tinh: Outstanding credit balance in agriculture, forestry and fishery sector reaches over 11,900 billion VND

Agriculture, forestry and fishery are the mainstays of the economy.

In recent times, local credit institutions have focused on "pumping capital" into loans for the agriculture, forestry and fishery sector. In particular, some banks have also implemented preferential credit programs applicable to customers borrowing capital in this sector. Specifically: lending with interest rate support according to Resolution No. 51/2021/NQ-HDND, Resolution No. 123/2018/NQ-HDND of the Provincial People's Council, Decision No. 868/QD-UBND of the Provincial People's Committee...

According to data compiled by the State Bank of Vietnam, Ha Tinh Branch, as of the end of July 2023, outstanding credit for the agriculture, forestry and fishery sector reached over VND 11,900 billion, accounting for about 13.04% of total outstanding loans in the whole area.

Ha Tinh: Outstanding credit balance in agriculture, forestry and fishery sector reaches over 11,900 billion VND

Local credit institutions always create conditions for capital provision for the agriculture, forestry and fishery sectors.

To continue to "support" this advantageous sector, the Government and the State Bank of Vietnam are currently implementing a credit program for the forestry and fishery sector with a scale of VND 15,000 billion. Accordingly, the borrowers of the preferential credit program are customers with projects and plans to serve production and business activities in the forestry and fishery sector. The loan interest rate in Vietnamese Dong is applied at least 1% - 2% lower per year than the average loan interest rate for the same term (short-term, medium-term, long-term) applied by the lending bank itself in each period. The program implementation period is until June 30, 2024.

This is an opportunity for enterprises, cooperatives, and production and business households in the forestry and fishery sector in Ha Tinh to access loan packages with preferential interest rates, contributing to the recovery and development of operations in the context of many difficulties and challenges due to the impact of the global economic recession. At the same time, local banks also have more room to develop outstanding loans in the agriculture, forestry and fishery sector.

Thao Hien

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