State Bank of Region 4 works with Binh Nguyen commune on the operation of the People's Credit Fund system.

On December 4, the State Bank of Region 4 had a working session with the Party Committee and authorities of Binh Nguyen commune to strengthen coordination in management, supervision and support of the People's Credit Fund's operations, contributing to ensuring the People's Credit Fund system operates safely, stably and effectively.

The delegation of the State Bank of Vietnam Region 4 visited the economic model of members of the Huong Canh People's Credit Fund.

Currently, in Binh Nguyen commune, there is Huong Canh People's Credit Fund operating. As of November 30, the Fund has more than 900 members, with a total capital of nearly 183 billion VND, of which mobilized capital accounts for 90%. Over the years, the Fund has always maintained safe and effective operations, meeting the capital borrowing needs for production, business and people's lives.

Leaders of Huong Canh People's Credit Fund report at the working session

In the loan structure, the industrial, commercial and service sectors account for a large proportion, with more than 60% of total outstanding loans; infrastructure investment and consumer loans account for more than 30%. However, the Fund still faces many difficulties such as limited operating areas after administrative unit reorganization, great competitive pressure from credit institutions operating in the area, and problems with physical facilities and legality of the headquarters.

Comrade Truong Thu Hoa - Acting Director of State Bank Region 4 delivered a concluding speech at the working session.

Speaking at the meeting, the leaders of the State Bank of Region 4 acknowledged the achievements of the Huong Canh People's Credit Funds in the past time. With the Fund's recommendations, the State Bank of Region 4 will provide support and resolve difficulties to improve its management and operation capacity. At the same time, they requested the local authorities to continue to accompany the Fund to improve service quality, develop safely and sustainably, and contribute to the local socio-economic development goals.

Dang Khoa

Source: https://baophutho.vn/ngan-hang-nha-nuoc-khu-vuc-4-lam-viec-voi-xa-binh-nguyen-ve-hoat-dong-he-thong-quy-tin-dung-nhan-dan-243740.htm