Improve credit quality

In the context of increasingly deep integration, 37 banks in Thai Nguyen have been affirming their important role in providing capital for the local economy. Following administrative mergers, deposit and lending activities in the area have not only grown in scale but also focused on quality, ensuring safe and sustainable development.

Transactions at the Vietnam Investment and Development Commercial Bank - Bac Kan Branch.

According to the State Bank of Vietnam Region 5, by July 31, 2025, the mobilized capital of credit institutions in Thai Nguyen province reached VND 143,153 billion, accounting for 62.6% of the total capital of the State Bank of Vietnam Region 5, an increase of 6.4% compared to the end of 2024; It is estimated that by August 31, 2025, the mobilized capital of Thai Nguyen province will reach VND 144,750 billion, accounting for 62.7% of the capital of the State Bank of Vietnam Region 5, an increase of 7.54% compared to the end of 2024.

A stable and sustained source of capital is a crucial foundation for expanding credit, serving the production and business needs of enterprises and the lives of the people.

Lending activities also recorded many positive results. Outstanding loans throughout the province reached VND 152,118 billion, an increase of 13.55% compared to the end of 2024, higher than the average credit growth rate of the entire industry (9.64%); Estimated to reach VND 153,500 billion by August 31, 2025, an increase of 14.58% compared to the end of 2024 (equivalent to 97.2% of the credit growth plan according to the 2025 Economic Growth Scenario of the Thai Nguyen Provincial People's Committee).

Notably, credit flows continue to focus on production, business, priority sectors, and economic growth drivers, in line with the direction of the Government and the Prime Minister. This strong growth momentum is supported by a continued slight decrease in lending interest rates, the simultaneous implementation of many preferential credit packages, and the strengthening of bank-business connection programs, helping capital flow promptly to people and businesses.

Studies at many businesses and cooperatives show that credit capital is proving effective. Ms. Nguyen Thi Hoan, Director of Tai Hoan Cooperative in Con Minh commune, shared: "Thanks to timely access to bank capital, our cooperative has been able to invest in machinery and equipment. This not only helps improve product quality, but the loan capital also creates opportunities to sign stable sales contracts in domestic and international markets."

Mr. Le Quang Huy, Director of the State Bank of Vietnam Region 5, stated: "In our overall strategy, we aim for credit growth coupled with quality control. The non-performing loan ratio across the region is currently maintained at 1.8%, demonstrating the proactive approach of the banking system. In the coming period, the banking sector will continue to prioritize capital for areas that are strengths of the locality, such as agriculture, rural areas, small and medium-sized enterprises, private sector, exports, processing and manufacturing industries…"

To improve credit quality, the banking system in Thai Nguyen province continues to strengthen cash flow-based appraisal, apply risk management according to international standards, and expand inclusive finance for small businesses, cooperatives, and production households. At the same time, it strengthens coordination between banks and local authorities to ensure information transparency and support businesses in standardizing management and accounting practices to maximize the effectiveness of credit.

Source: https://baothainguyen.vn/kinh-te/202509/nang-cao-chat-luong-tin-dung-2a829cf/