The total capital mobilized by the banking sector in Quang Tri province reached 36,437 billion VND in 2023.

This afternoon, January 13th, in Dong Ha City, the State Bank of Vietnam's Quang Tri Provincial Branch held a conference to summarize the work of managing monetary policy and banking operations in the province in 2023 and to implement tasks for 2024. Mr. Hoang Duc Thang, Deputy Head of the Quang Tri Provincial National Assembly Delegation, and Mr. Le Duc Tien, Vice Chairman of the Provincial People's Committee, attended the conference.

Conference summarizing the management of monetary policy and banking operations in the area in 2023 - Photo: TP

In 2023, overcoming all difficulties and challenges, the State Bank of Vietnam's Quang Tri Provincial Branch and credit institutions in the area proactively followed the directives of the Government , the Central Bank, the Provincial Party Committee, and the Provincial People's Committee to effectively manage and operate.

Notably, the solutions include directing the implementation of credit programs to support businesses, people, and policy beneficiaries according to Resolution 43 of the National Assembly and Resolution 11 of the Government, and increasing access to credit for businesses and people, such as: continuing to remove difficulties and obstacles; implementing the policy of reducing lending interest rates and restructuring repayment terms.

This increases access to credit for businesses and individuals. Cashless payments are increasingly developing in the area, with many banking services now conducted entirely through digital channels with simple and quick procedures.

Many banking products and services are widely available to people in rural, remote, and disadvantaged areas of the province. Payment operations are secure. Capital mobilization has grown significantly, reaching VND 36,437 billion as of December 31, 2023; an increase of VND 5,016 billion, or 15.96%, compared to the end of 2022. Credit quality is ensured, with non-performing loans accounting for 0.83%, and the operations of credit institutions are safe...

In 2024, the banking sector in Quang Tri province set out key tasks. These included focusing on organizing and implementing monetary, credit, and foreign exchange policies in the area; conducting inspections, audits, and supervision; and preventing and combating violations of the law in the banking sector.

Promoting digital transformation in banking operations; boosting cashless payments; ensuring the security of information technology systems, electronic payments, and card payments in the area.

The total capital mobilized by the banking sector in Quang Tri province reached 36,437 billion VND in 2023.

Vice Chairman of the Provincial People's Committee Le Duc Tien delivers a directive speech at the conference - Photo: TP

Speaking at the conference, Vice Chairman of the Provincial People's Committee Le Duc Tien acknowledged and commended the achievements of the Quang Tri banking sector in the past period. Given the forecasts of fluctuations in the global economy in 2024, and in order to build upon these achievements, the Vice Chairman of the Provincial People's Committee requested the provincial banking sector to focus on seriously, synchronously, and effectively implementing solutions for managing monetary policy, credit interest rates, resolving bad debts, and comprehensively restructuring credit institutions as directed by the Government and the Governor of the State Bank of Vietnam. He also directed credit institutions in the province to implement monetary and credit solutions to expand credit safely and effectively.

Simultaneously, propose appropriate solutions to maximize the recovery of outstanding bad debts. Actively implement administrative reforms, modernize procedures, promote digital transformation, and continue to effectively implement the Project on the Development of Non-Cash Payments in Vietnam giai đoạn 2021 – 2025...

Vice Chairman of the Provincial People's Committee Le Duc Tien expressed confidence that officials throughout the provincial banking system will overcome difficulties and challenges, successfully complete their assigned tasks, and contribute to the successful implementation of the province's socio-economic development goals in 2024 and the following years.

Truc Phuong

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