Unblocking credit flows: Promoting economic growth

Since the beginning of the year, the banking system in Khanh Hoa province has proactively implemented many synchronous solutions to promptly meet the capital needs of people and businesses. Credit capital is focused on production, business and priority areas under the direction of the Government. Credit capital flow in the area continues to be unblocked, contributing to creating momentum to promote economic growth in the province.

Respond promptly to capital needs

According to the report of the State Bank of Vietnam (SBV) Branch Region 10, by the end of September, capital mobilization in the province reached VND179,346 billion, up 12.63% compared to the beginning of the year; outstanding loans reached VND198,051 billion, up 7.39%. The credit structure by economic sector is consistent with the economic development orientation of the province. Outstanding loans for the trade - service sector accounted for 66.13% of total outstanding credit; industry - construction accounted for 21.29%; agriculture - forestry - fishery accounted for 12.58%. Notably, outstanding loans for the private economy reached VND194,686 billion, accounting for 98.3% of total outstanding credit in the area, up 7.78% compared to the beginning of the year.

Customers transact at a bank branch in the province.

In addition, credit institutions in the area have also promoted the implementation of the bank-business connection program through many activities such as: Organizing cooperation signing sessions with associations; direct dialogue with businesses, grasping difficulties and problems related to accessing bank loans for timely handling and resolution. Through the program, many businesses have had their capital difficulties resolved and have access to credit capital with preferential interest rates. In the first 9 months of 2025 alone, banks in the province have disbursed more than VND 3,248 billion in loans under the bank-business connection program. In addition, banks have also actively implemented many solutions to support and facilitate customers to access credit capital conveniently and quickly, such as: Widely communicating incentive programs; reducing unnecessary costs, focusing on reducing interest rates for existing and new customers; simplifying loan procedures...

Risk control for safe growth

In addition to the achieved results, banking activities in the province still face some difficulties and obstacles. The demand for loans in some areas is still weak, especially in industry and import-export. After the arrangement of administrative boundaries, many loan applications and mortgage contracts need to adjust information, leading to slow disbursement. The overall credit quality is basically under control, the bad debt ratio has decreased compared to the end of 2024. However, the handling of bad debts is still slow and faces many difficulties and obstacles such as: Procedures for initiating lawsuits, executing judgments, and auctioning assets are still slow and prolonged; secured assets are entangled in legal or planning issues...

To ensure credit quality, the State Bank of Vietnam, Region 10 Branch, has issued many documents warning about bad debts, group 2 debts and requested banks to actively handle and control bad debts, reducing the rate of new bad debts. At the same time, it recommended that the Provincial People's Committee direct relevant departments, branches and units to strengthen coordination and exchange information with the banking sector to speed up the progress of bad debt handling. Banks also regularly monitor the use of loans, assess the financial capacity and repayment ability of customers, thereby proposing appropriate debt collection plans.

Mr. Bui Huy Tho - Director of the State Bank of Vietnam Branch Region 10 said that in order to overcome difficulties and promote credit growth from now until the end of the year, the State Bank of Vietnam Branch Region 10 continues to closely follow the Prime Minister's direction, the orientation and solutions for monetary policy management of the State Bank, the socio-economic development plan of the province to disseminate, propagate and promptly deploy to credit institutions in the area; proactively advise local Party committees and authorities to effectively implement the policies, guidelines and directions of the Government and the State Bank on currency, credit, foreign exchange and banking activities in the area; focus on drastically implementing tasks and solutions to promote credit growth; closely monitor the implementation of credit programs and policies... The State Bank of Vietnam, Region 10 Branch, also directed credit institutions to continue directing credit to production, business, priority sectors and traditional driving forces of the economy (investment, export, consumption) and new growth drivers ( science and technology, innovation, digital economy, green economy, circular economy...). At the same time, implement solutions to facilitate customers' access to credit capital on the basis of reviewing and simplifying procedures, loan applications, collateral... along with complying with legal regulations, not loosening credit granting conditions to ensure operational safety and limit new bad debts.

HOANG DUNG

Source: https://baokhanhhoa.vn/kinh-te/tai-chinh-ngan-hang/202510/khoi-thong-dong-von-tin-dung-thuc-day-tang-truong-kinh-te-b7d5f3b/