Capital mobilized by the credit fund system reached nearly 4,600 billion VND.

As of August 15, 2023, the total mobilized capital of people's credit funds in the area reached nearly 4,600 billion VND, accounting for 5% of the total mobilized capital of the banking sector in Ha Tinh .

Currently, Ha Tinh province has 32 people's credit funds operating in 62 communes, wards, and towns. In general, the fund system's operations are increasingly developing in scale and quality, in accordance with its principles and objectives.

Ha Tinh: Capital mobilized by the credit fund system reached nearly 4,600 billion VND.

Customers conducting transactions at the Nhượng Lĩnh Inter-communal People's Credit Fund (Cẩm Xuyên).

In recent times, the people's credit funds in Ha Tinh province have continued to strengthen their capital mobilization efforts. Accordingly, the fund system has implemented many effective policies such as: increasing the attraction and recruitment of new members according to regulations, reaching out to potential customers both within and outside the operating area; strictly adhering to the deposit interest rate schedule stipulated by the State Bank of Vietnam at each specific time to build trust with customers; designing preferential deposit products for loyal customers; and leveraging capital support from the Cooperative Bank, Ha Tinh Branch... As a result, the mobilized capital of the people's credit fund system has experienced good growth.

As of August 15, 2023, the total mobilized capital of people's credit funds in the area reached VND 4,597 billion, an increase of 16.95% compared to the same period in 2022 and accounting for 5% of the total mobilized capital in the entire area.

Ha Tinh: Capital mobilized by the credit fund system reached nearly 4,600 billion VND.

Mobilized capital is a resource that enables people's credit funds to support members in developing production and business, contributing to poverty reduction and local socio -economic development.

Some units have experienced good capital growth recently, such as: the Cuong Gian inter-commune People's Credit Fund (Nghi Xuan); the Cam Thanh inter-commune People's Credit Fund, the Nhuong Linh inter-commune People's Credit Fund (Cam Xuyen); the Giang Dong Tien People's Credit Fund (Ky Anh district); the Thach My People's Credit Fund (Loc Ha)...

In reality, mobilized capital is a crucial resource for people's credit funds to continue reinvesting in lending, supporting members in developing production and business, contributing to poverty reduction, local socio-economic development, and combating "illegal lending," especially in rural areas.

Ha Tinh: Capital mobilized by the credit fund system reached nearly 4,600 billion VND.