Bringing nearly 116 trillion VND into Quang Nam economy

Vietcombank Quang Nam lends, pushes capital into the economy (photo taken in early February 2025). Photo: VIET QUANG

By the end of February, the capital mobilized by commercial banks in the province reached more than 100 trillion VND (up 1.5% compared to the beginning of the month, up 2.95% compared to the beginning of the year).

In February, the State Bank of Vietnam, Quang Nam branch (now under the State Bank of Vietnam, Region 9) continued to accelerate the implementation of bank-enterprise connection programs in the area with many solutions such as increasing new loans, restructuring loans, reducing lending interest rates, diversifying credit products, and building specific credit programs to support businesses with reasonable interest rates, convenient and transparent processes and procedures.

In February, loans to priority sectors increased in outstanding loans. Specifically, loans to agriculture and rural areas reached VND33 trillion (up 2.38% over the previous month, accounting for 28.51% of total outstanding loans); export loans reached VND1,600 billion (up 2.83% over the previous month, accounting for 1.38% of total outstanding loans); loans to small and medium enterprises reached VND14 trillion (up 6.32% over the previous month, accounting for 12.1% of total outstanding loans); loans to supporting industries reached VND7 trillion (up 5.52% over the previous month, accounting for 6.05% of total outstanding loans).

By the end of February, the total bad debt in the area was VND1,300 billion (accounting for 1.12% of total outstanding debt, down 23.6% compared to the previous month). Up to now, the whole area has 9/34 credit units with a bad debt/outstanding debt ratio exceeding 3%.

Source: https://baoquangnam.vn/dua-gan-116-nghin-ty-dong-vao-nen-kinh-te-quang-nam-3149730.html