Vietnam.vn - Nền tảng quảng bá Việt Nam

State Bank continues to remove difficulties to meet credit capital needs in Bac Ninh

Công LuậnCông Luận28/09/2023


Outstanding credit in Bac Ninh province increased higher than the whole country

On September 28, 2023, the State Bank of Vietnam (SBV) organized the Bank - Business Connection Conference in Bac Ninh province.

Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that in Bac Ninh province, in the third quarter of 2023, bank branches and credit institutions (CIs) continued to implement many positive solutions to support customers in accessing credit sources, such as reducing lending interest rates, reforming administrative procedures, applying 4.0 technology in developing banking products and services, implementing many preferential loan packages, directing credit to priority areas, focusing on lending for production and business,...

By the end of August 31, 2023, outstanding credit in Bac Ninh province reached over 154 trillion VND, an increase of 5.8% compared to the end of 2022 (higher than the national increase: 5.56%). Of which:

Credit for industry and construction had the highest growth rate of 8.87%, accounting for 36.58% of total outstanding credit in the province, followed by the trade and service sector, up 4.63%, accounting for the highest proportion of 60.41% of total outstanding credit in the province.

State Bank continues to work hard to meet credit demand in Bac Ninh picture 1

Although outstanding credit in Bac Ninh province is higher than the whole country, the State Bank continues to remove difficulties to meet the credit capital demand in this locality. Illustrative photo

Credit for priority sectors decreased, of which outstanding loans for agricultural and rural development decreased by 6.3%, and for small and medium enterprises (SMEs) decreased by 9.78%.

Credit in the real estate sector decreased by 23.79%; of which real estate business credit accounted for nearly 53%, down 2.64%, outstanding real estate credit for consumption and self-use purposes decreased sharply by 38.59%.

Some key transport projects in the province are also provided with credit by credit institutions with a total credit limit of VND 3,193 billion.

Some credit programs and policies in the area have achieved positive results such as lending for the national target program on new rural construction, preferential credit policies through the Social Policy Bank, interest rate support loans according to Decree 31, etc. In addition, credit institutions have restructured debt to maintain the debt group according to Circular 02 for customers in the province, amounting to VND 294 billion for more than 88 customers.

Bac Ninh province has also proactively organized meetings and dialogues between banks and businesses in the province in June 2023, contributing to removing difficulties in accessing credit capital and banking services for people and businesses in the area. The above results show that outstanding credit in the province in the first months of the year has grown better than the overall growth rate of the economy.

Continue to meet credit capital needs in Bac Ninh province

Although the entire banking sector has made efforts to implement policies and solutions, many of which are implemented with the resources of credit institutions themselves, the provision and access to credit of enterprises across the country in general and in Bac Ninh in particular still face many difficulties and challenges, such as:

In the context that other capital mobilization channels have not really been effective, especially the capital market (corporate bond market, stock market) is facing some problems and has not developed commensurate with its role in providing medium and long-term capital for the economy, causing capital demand for economic recovery to be concentrated mainly through the bank credit channel, creating pressure on the banking sector to supply capital mainly for the economy.

Demand for investment, production, business, and consumption decreased; some customer groups have demand but do not meet loan conditions, especially the SME group; impact from the credit absorption capacity of the real estate group; after a period of economic difficulty, the risk level is assessed higher, when it is difficult to prove the efficiency of business operations (high input costs, imported raw materials, decreased output markets, orders, revenue...); Credit institutions have great difficulty in lending decisions because they cannot lower credit standards to ensure system safety.

To contribute to promoting production and business in Bac Ninh province, in addition to solutions from ministries, branches and localities, in the coming time, the Banking sector will continue to actively implement banking and credit solutions for the region, specifically:

Firstly, continue to implement solutions to manage monetary policy and banking activities with the aim of controlling inflation, stabilizing the macro economy, supporting economic growth at a reasonable level, linking bank credit investment to implement programs and projects according to the province's planning. Credit focuses on production and business sectors, priority sectors (rural agriculture, export, small and medium enterprises, supporting industries, high-tech enterprises); growth drivers (investment, consumption and export); consider prioritizing credit granting according to the Green Classification List, lending to meet people's housing needs, social housing projects, worker housing, and low-cost commercial housing projects.

Continue to implement solutions to remove difficulties, support customers, direct credit institutions to actively implement the tasks of the banking sector in the Socio-Economic Recovery and Development Program, focusing on the 2% Interest Rate Support Program through the commercial banking system, national target programs; specific credit programs and policies for a number of sectors and fields under the direction of the Government and the Prime Minister (120,000 billion VND credit program for loans for social housing, workers' housing, renovation and reconstruction of old apartments; loans for forestry and fishery sectors...). Control credit for potentially risky sectors such as real estate, securities, BOT and BT traffic projects; control credit quality and prevent bad debt.

At the same time, create favorable conditions for customers to access credit, direct credit institutions to continue to reduce costs, enhance digital transformation, apply information technology and other solutions to create conditions to continue to reduce lending interest rates for both new loans and existing outstanding loans; review and cut fees to create more favorable conditions for businesses and people; Proactively develop credit programs and products with reasonable interest rates, flexibly meeting the needs of many customers and customer segments; Continue to review and simplify internal processes and procedures to facilitate customers to increase their ability to access and absorb capital.

Authorities continue to implement solutions to remove difficulties for borrowers in various fields and industries, including policies to restructure debt repayment terms and maintain debt groups according to regulations in Circular 02/2023/TT-NHNN dated April 23, 2023.

In addition, it is necessary to promote the program of connecting banks and enterprises to enhance information, grasp needs, promptly handle difficulties and problems in credit relations, and create favorable conditions for people and enterprises to access credit capital.

In addition, it is necessary to consolidate and develop the banking network and services in accordance with the socio-economic development needs of localities. Continue to simplify procedures in transactions with customers to improve access to credit capital and banking services for businesses and people in the area.

Speaking at the Conference, Deputy Governor Pham Thanh Ha said: “With the spirit of accompanying and sharing with people and businesses, the banking sector is ready to implement solutions to remove difficulties and meet the demand for credit capital for economic development in Bac Ninh province. With the solutions of the banking sector and the close leadership and direction of the Provincial Party Committee, People's Committee, People's Council, together with departments, branches, associations, unions will help people and businesses in the province stabilize production, business, and develop sustainable socio-economic development”.



Source

Comment (0)

No data
No data
Hanoi is strange before storm Wipha makes landfall
Lost in the wild world at the bird garden in Ninh Binh
Pu Luong terraced fields in the pouring water season are breathtakingly beautiful
Asphalt carpets 'sprint' on North-South highway through Gia Lai
PIECES of HUE - Pieces of Hue
Magical scene on the 'upside down bowl' tea hill in Phu Tho
3 islands in the Central region are likened to Maldives, attracting tourists in the summer
Watch the sparkling Quy Nhon coastal city of Gia Lai at night
Image of terraced fields in Phu Tho, gently sloping, bright and beautiful like mirrors before the planting season
Z121 Factory is ready for the International Fireworks Final Night

Heritage

Figure

Business

No videos available

News

Political System

Local

Product