Banking Industry: Positive Contributions to Economic Growth

It can be affirmed that the important achievements in economic development in 2024 have positive contributions from the banking industry. By focusing on promoting lending and accompanying businesses, credit institutions (CIs) have "injected capital" into the economy, creating remarkable growth.

BOOST LENDING

With the issuance of many solutions and the implementation of many attractive credit programs, the total mobilized capital in the province by the end of this year is estimated to reach 34,000 billion VND, an increase of 12.05% compared to the end of 2023. At the same time, credit institutions have invested in production and business development with a total outstanding loan balance in the whole area reaching 48,000 billion VND, an increase of 14.34% compared to the end of 2023. In particular, credit institutions have prioritized capital investment in the province's strong economic sectors such as: lending for programs serving agricultural and rural development with outstanding loans reaching 18,000 billion VND; lending for exports with outstanding loans reaching 3,400 billion VND; lending to small and medium enterprises with outstanding loans reaching 9,000 billion VND...

Typically, Vietcombank Bac Lieu has actively promoted many investment credit programs for production and business development; signed with many businesses, organizations, departments, branches and unions in implementing strategic goals on digital transformation and developing electronic transactions, contributing to simplifying administrative procedures, creating convenience for users of safe, smart, economical, efficient banking services and reducing costs and time...

Customers transact at Vietcombank Bac Lieu. Photo: KT

Along with promoting capital investment for production and business, Vietcombank Bac Lieu also participates in implementing social security policies through implementing sponsorship programs with a total value of over 8.3 billion VND.

PRIORITIZE CAPITAL FOR "THREE FARM AND RURAL PROPERTIES"

Promoting the achieved results, in 2025, the State Bank of Vietnam - Bac Lieu Branch will direct credit institutions in the area to continue to have effective solutions in implementing credit policy programs according to the policies and directions of the Government and the Prime Minister such as: Credit program of 12,000 billion VND for investors and home buyers of social housing projects, worker housing, projects to renovate and rebuild old apartments according to Resolution 33 of the Government and Credit program for the forestry and fishery sectors...

In addition, implement the key tasks of the banking sector in 2025 and strictly comply with the State Bank's regulations on deposit interest rates and lending interest rates for a number of sectors and fields. At the same time, continue to prioritize capital for agricultural, farmer and rural development. Focus on implementing the National Target Program on New Rural Development and the Bank-Enterprise Connection Program. Credit institutions need to proactively approach and meet customers' loan needs and promptly have appropriate solutions to support customers who are facing difficulties and losses due to the impact of the epidemic and drought and salinity so that customers can feel secure, stabilize their lives and continue to develop production. Implement well the payment and capital circulation work for customers to ensure timeliness, accuracy and safety. Focus on implementing measures to expand and improve the quality of operations of the non-cash payment system and strictly implement regulations on safety and security in electronic payments, ensure the quality and safety of ATM and POS operations; fully, promptly and safely meet the cash and payment needs of businesses and people and strictly comply with the regulations of the State Bank on treasury safety, ensuring absolute safety of treasury assets. Implement the restructuring plan and bad debt settlement approved by competent authorities and promptly report difficulties, problems and propose solutions in the restructuring and bad debt settlement process, especially the use of risk reserves, handling of collateral assets, maintaining the bad debt ratio below 3%. Proactively do a good job of information and communication work on credit and banking activities to create consensus and public support for the banking sector's activities...

KIM TRUNG

Source: https://www.baobaclieu.vn/kinh-te/nganh-ngan-hang-nhung-dong-gop-tich-cuc-cho-tang-truong-kinh-te-98426.html