Putting bank capital into priority areas

The State Bank requires credit institutions to push capital into priority areas. Photo: Q.VIET

In Quang Nam , the State Bank of Vietnam provincial branch continues to promote the implementation of bank-enterprise connection programs with many direct support solutions such as increasing new loans, restructuring loans, reducing lending interest rates, diversifying credit products, building specific credit programs to support businesses with reasonable interest rates, convenient and transparent processes and procedures.

For priority sectors, agricultural and rural loans in Quang Nam reached VND28,500 billion (up 1.79% compared to the beginning of the year); export loans reached VND1,500 billion (up 3.73% compared to the beginning of the year), loans for small and medium enterprises reached VND14,436 billion (up 1.10% compared to the beginning of the year), and loans for supporting industries reached VND4,700 billion (up 1.38% compared to the beginning of the year).

Source: https://baoquangnam.vn/dua-von-ngan-hang-vao-linh-vuc-uu-tien-3132089.html