Director of the State Bank of Vietnam , Long An Province Branch - Le Thi My Hien chaired the conference to summarize the banking industry in 2023 and plan activities for 2024.
Vice Chairman of the Provincial People's Committee - Huynh Van Son acknowledged and highly appreciated the efforts of the banking system in the province in the past year to overcome many difficulties and challenges, contributing to the recovery and socio-economic development in the locality.
In 2024, it is forecasted that the world economy will still face many difficulties; the domestic economy will continue to face challenges as the world economy has not yet recovered strongly. Therefore, Long An Banking industry needs to continue to strive to fulfill the set targets and tasks.
Vice Chairman of the Provincial People's Committee - Huynh Van Son acknowledged and highly appreciated the efforts of the banking system in the province.
For the State Bank of Vietnam, Long An province branch continues to direct credit institutions in the area to increase credit growth safely and effectively, directing credit to production and business sectors, priority sectors and economic growth drivers; especially new growth drivers such as green economy, digital economy; creating favorable conditions for businesses and people to access bank credit capital; removing and promoting credit expansion to serve production and business needs and legitimate, legitimate living and consumption needs, ensuring safe and effective operations, contributing to limiting "black credit".
For banks in the province, implementing banking activities must comply with the law, increase transparency in operations, provide services associated with consumer protection; pay attention to developing networks in remote areas where there are no conditions to apply digital banking and modern banking services, in order to create favorable conditions for people to access banking products and services.
Currently, the network of credit institutions (CIs) in the province is growing stronger. The total number of CIs in the province is 63, an increase of 3 level 1 branches compared to 2022. By the end of 2023, the total mobilized capital was 104,225 billion VND, an increase of 12.53% compared to the beginning of the year; Total outstanding loans were 133,107 billion VND, an increase of 12.73% compared to the beginning of the year (the State Bank's orientation for 2023 is to increase credit by about 14%); Bad debt was 1,643 billion VND, the bad debt ratio of CIs in the area was 1.23%.
Under the direction of the Governor of the State Bank of Vietnam, credit institutions continue to implement credit programs for priority sectors and areas. Of which, outstanding loans for agricultural and rural development reached VND 79,498 billion (accounting for 59.72% of total outstanding loans); outstanding loans supporting small and medium enterprises reached VND 16,339 billion (accounting for 12.28%); the rest is support for export loans and supporting industries.
Through the above results, although credit growth in the area has not reached the orientation set by the State Bank of Vietnam, it has increased higher than that of the Mekong Delta provinces and bad debt has been controlled below 3%. The State Bank of Vietnam Long An branch is ranked 2nd among the Mekong Delta provinces.
In 2024, the State Bank of Vietnam, Long An branch, will closely follow the direction of the State Bank of Vietnam and the province's socio-economic development plan, focusing on implementing many key tasks. In particular, the branch will perform well its advisory function, assisting the Governor in State management of currency, credit, foreign exchange and banking activities in the province.
In particular, directing credit institutions to provide credit to production and business sectors, priority sectors and growth drivers according to the Government's policy; continuing to strictly control credit to potentially risky sectors, creating favorable conditions for people and businesses to access bank credit capital./.
Mai Huong
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