Increase credit size
SBV Branch Region 14 was established on March 1, 2025 on the basis of merging SBV branches in Can Tho City, Vinh Long (old), Hau Giang (old), Soc Trang (old) and Bac Lieu (old) provinces. Implementing the policy of rearranging provincial-level administrative units and building a 2-level government organization model, under the direction of the Central and the Government, SBV has reviewed and rearranged SBV Branch Region to synchronize with the merger of provincial-level administrative units.
Customers transact at Kien Long Commercial Joint Stock Bank - Can Tho Branch.
In this reorganization, SBV Region 14 is adjusted according to Decision No. 2314/QD-NHNN, dated June 16, 2025 of the Governor of SBV. Accordingly, Region 14 manages 2 more provinces, Tra Vinh (old) and Ben Tre (old) under SBV Region 13; at the same time, Bac Lieu province (old) will be transferred to the management of SBV Region 15. Thus, SBV Branch Region 14 has the function of advising and assisting the Governor of SBV in performing state management of currency, banking and foreign exchange activities in Can Tho City and Vinh Long Province.
Compared to the previous period, the State Bank of Vietnam Branch in Region 14 manages a larger area of 197 credit institutions, including 148 commercial bank branches and 49 people's credit funds. The total capital mobilization of the area is VND 365,000 billion. The total outstanding debt of the area is VND 473,000 billion. In the first months of the year, the system of credit institutions in Region 14 complied well with regulations on credit, interest rates, exchange rates, foreign exchange, implemented solutions to mobilize capital and expand credit for production and business sectors and priority sectors, seriously implemented solutions to continue supporting businesses and people to remove difficulties for production and business. The mobilization interest rate and lending interest rate levels were maintained stable, and mobilized capital increased. Total outstanding loans achieved a good growth rate and it is forecasted that in the last months of the year, credit growth will continue to increase according to the needs of the economy.
According to Mr. Tran Quoc Ha, Acting Director of the State Bank of Vietnam, Branch 14, inheriting the activities of the State Bank of Vietnam in the provinces and cities, the credit activities of Region 14 continue to focus on 5 priority areas under the direction of the State Bank. The Branch is also resolutely directing credit institutions to deploy a pilot lending program to implement the Project "Sustainable development of 1 million hectares of high-quality and low-emission rice cultivation associated with green growth in the Mekong Delta region by 2030" according to Decision No. 1490/QD-TTg of the Prime Minister. At the same time, in coastal areas, credit programs for aquaculture and offshore fishing will be focused. Up to now, credit programs have grown in the right direction, with outstanding loans for agriculture, rural areas and aquaculture accounting for a very large proportion in Region 14.
Contribute to local economic development
There are currently 104 credit institutions in Can Tho City. By June 30, 2025, the total mobilized capital in the whole area reached VND 216,438 billion, an increase of 3.43% compared to the end of 2024. The mobilized capital meets 70.16% of the credit capital demand in the area. According to Mr. Vuong Quoc Nam, Vice Chairman of Can Tho City People's Committee, the city sets a target of GRDP growth in 2025 of over 10% and to achieve this growth level, many factors need to converge, in which capital growth is extremely important, including budget capital, social investment capital including credit capital from banks. Therefore, the city hopes that the State Bank of Vietnam's regional branches will continue to direct credit institutions to provide sufficient capital needs for businesses and people in the area, especially focusing on providing capital for priority and key sectors.
Deputy Governor of the State Bank of Vietnam Nguyen Ngoc Canh directed the State Bank of Vietnam Branch in Region 14 to strengthen the direction and supervision of credit institutions in the area to focus on meeting capital and banking service needs to serve the goal of accelerating and making a strong breakthrough to achieve annual growth of at least 8% and create momentum for double-digit growth in the period 2026-2030 according to the Government's general goal. The State Bank of Vietnam Branch in Region 14 needs to urgently consolidate the Party organization according to the new organizational model, lead and direct the implementation of political and ideological work well after the organization arrangement and streamlining. When put into operation, it must ensure continuity, smoothness, safety, effectiveness and efficiency; not omitting any fields or areas of management, and not interrupting work in all aspects of operations. Strongly apply information technology, digital transformation in management, operation, and administrative reform in operations to improve the effectiveness and efficiency of state management and the quality of service to people and businesses.
Deputy Governor of the State Bank of Vietnam Nguyen Ngoc Canh emphasized: The State Bank of Vietnam Branch in Region 14 needs to seek support and coordinate with local authorities of provinces and cities in the region to effectively perform the function of managing monetary and credit activities in the area. Branches of credit institutions in the area need to strictly comply with the regulations and instructions of the State Bank on currency and foreign exchange; increase credit growth safely and effectively, direct credit to production and business sectors, priority sectors and economic growth drivers under the direction of the Government and the Prime Minister; strictly control credit in potentially risky sectors. Focus on credit investment in key projects and works; continue to actively implement solutions to remove difficulties for people and businesses, the Social Housing Loan Program and coordinate with localities to promptly remove obstacles in the implementation process; create favorable conditions for people and businesses to access bank credit capital. At the same time, promote the implementation of the bank-enterprise connection program in appropriate forms. Credit institutions need to continue to improve credit quality, prevent and minimize bad debt. Pay attention to providing modern payment services; promote digital transformation in banking activities; ensure security and safety of information technology and payment systems.
Article and photos: MINH HUYEN
Source: https://baocantho.com.vn/sn-sang-nguon-von-cho-muc-tieu-tang-truong-kinh-te-a189164.html
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