As of early October, outstanding loans in the industrial and construction sector of credit institutions in Ha Tinh increased by about 9.97% compared to the end of 2022 and accounted for about 21.7% of total outstanding loans in the whole area.
Since the beginning of the year, the State Bank of Ha Tinh province has regularly directed credit institutions in the area to direct credit to production and business sectors, always prioritizing capital sources for the industry and construction sector.
Outstanding industrial and construction debt of Ha Tinh banking sector accounts for about 21.7% of total outstanding debt in the whole area.
Currently, businesses in the area are accelerating the implementation of key projects and works, including the North-South Eastern Expressway project in the 2021-2025 period through Ha Tinh and many infrastructure investment projects in the province, requiring large investment capital. Accordingly, banks in the area have implemented solutions to facilitate customers operating in the industrial and construction sectors to access credit capital such as: simplifying lending procedures, publicly listing and making transparent lending procedures and processes. At the same time, banks have also gradually reduced lending interest rates, ensuring safe and effective credit activities.
According to the specialized sector, as of early October 2023, outstanding loans in the industrial and construction sector of credit institutions in Ha Tinh reached over VND 19,415 billion, an increase of about 9.97% compared to the end of 2022 and accounting for about 21.7% of total outstanding loans in the whole area. In particular, commercial banks in the area have large outstanding loans in this sector such as: Vietcombank, VietinBank, BIDV, Bac A Bank, HDBank, ACB , MB...
The North-South Eastern Expressway project in the 2021-2025 phase, the section through Ha Tinh, is being accelerated, which is an opportunity for credit institutions to increase outstanding loans.
In the last months of the year, the provincial State Bank continued to manage credit according to the orientation targets, associated with improving credit quality and handling bad debts. Directing credit institutions to increase credit growth safely and effectively, focusing on production sectors, priority sectors according to the Government's policies and key projects of the province.
At the same time, banks continue to effectively implement the policy of supporting interest rates of 2%/year according to Decree No. 31/2022/ND-CP dated May 20, 2022 of the Government; deploy the program of lending for social housing, workers' housing, renovating and rebuilding old apartments according to Resolution No. 33/NQ-CP of the Government; promptly and effectively implement the policy of restructuring debt repayment terms and maintaining debt groups to support customers in difficulty according to Circular No. 02/2023/TT-NHNN dated April 23, 2023 of the State Bank of Vietnam... This is the basis for credit institutions to increase outstanding loans in general, especially outstanding loans in the industrial and construction sectors in particular.
Thao Hien
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