According to the bank's report, as of May 2025, capital mobilization in Binh Thuan province reached VND 64,089 billion, an increase of 0.5% compared to the beginning of the month and a 4.73% increase compared to the beginning of the year. Of this, Vietnamese Dong deposits totaled VND 63,434.6 billion, an increase of 0.49% compared to the beginning of the month and a 4.82% increase compared to the beginning of the year; foreign currency deposits totaled VND 655 billion, an increase of 0.77% compared to the beginning of the month but a decrease of 3.2% compared to the beginning of the year. Outstanding loans reached VND 95,832 billion, an increase of 1.69% compared to the beginning of the month and a 0.85% increase compared to the beginning of the year. Of this, outstanding loans in Vietnamese Dong totaled VND 94,104 billion, an increase of 1.59% compared to the beginning of the month and a 0.79% increase compared to the beginning of the year. Outstanding loans in foreign currency reached VND 1,728 billion, an increase of 7.26% compared to the beginning of the month and 4.28% compared to the beginning of the year. Notably, the bank also reported a significant increase in non-performing loans; by the end of March 2025, the non-performing loan ratio of credit institution branches in the area was 4.43% of total outstanding loans, an increase of 0.65% compared to the beginning of the year.
Why is bad debt increasing? Some credit institutions explain that the main reasons are pre-existing debts, the severe impact of the Covid-19 pandemic, and the unrecovered real estate market, which has left many businesses and individuals unable to secure cash flow to pay bank interest. Furthermore, the volatile global economy due to US tariffs, wars, etc., has created significant difficulties for businesses and individuals. Meanwhile, the province's investment resources are limited, and the quality of growth, competitiveness, and scale of the economy remain low, significantly impacting socio-economic development and leading to an increase in bad debt.
Mr. Phan Thanh Én – Deputy Director of the State Bank of Vietnam, Region 10, stated: To enhance safe credit operations and effectively control bad debts, the banking sector has implemented numerous programs with the goal of "Boosting bank credit, contributing to economic growth." These programs aim to promote credit growth to support businesses and individuals, remove obstacles in policy implementation, and contribute to socio-economic development in the region. Alongside the effective implementation of the bank-business connection program, credit institutions in the area need to strengthen the promotion and introduction of credit programs with reasonable interest rates. They should publicly and transparently disclose loan application documents, procedures, and interest rates; work directly with customers to guide and facilitate their access to bank credit; and closely follow the directives of the sector and local authorities to implement comprehensive solutions to support customers facing difficulties in production and business. Focus on implementing the assigned tasks of the banking sector in the socio-economic recovery and development program, national target programs, especially the credit program for social housing, workers' housing, and renovation of old apartment buildings (145,000 billion VND) and the credit program for lending to the agricultural, forestry, and fisheries sectors (100,000 billion VND)...
Source: https://baobinhthuan.com.vn/no-xau-tang-cao-130587.html
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