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Total mobilized capital resource in the whole area in quarter I/2019 reached nearly VND 66,000 billion

08:59 04/09/2019

In the afternoon of 9 May, the provincial People’s Committee held a meeting to listen to the State Bank of Vietnam, Provincial Branch reporting the operation results of quarter I/2019 and the task direction in the coming time.

 

In the afternoon of 9 May, the provincial People’s Committee held a meeting to listen to the State Bank of Vietnam, Provincial Branch reporting the operation results of quarter I/2019 and the task direction in the coming time.

 

Mr. Dang Trong Thang, Vice Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee chaired the meeting.

Mr. Dang Trong Thang, Vice Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Committee chaired the meeting. Attending the meeting, there were Mr. Nguyen Hoang Giang, Member of the Provincial Party Committee, Vice Chairman of the Provincial People’s Committee and leaders of some departments and sectors.

In the province, in addition to the State Bank of Vietnam, the provincial Branch which performed the function of state management on money and banking operation, there were also 23 bank branches and 85 People’s credit funds with 565 transaction points extending to communes, wards and towns, meeting timely demand for capital and banking services for the economy and people.

By 31/3/2019, the total mobilized capital of the whole area reached nearly VND 66,000 billion, increasing by 3.4% compared to 31/12/2018 (the whole country only increased by 1.87%), in which the deposit of residents accounted for 89.8%; total outstanding loans of credit institutions (TCTD) in the province reached nearly VND 54,000 billion, increasing by 2% compared to 31/12/2018, in which short-term loans accounted for 61.6% and medium and long-term loans accounted for 38.4%; the bad debt rate only accounted for 0.95% of total outstanding loans of credit institutions in the province (not including outstanding loans and bad debts of Development Bank, Thai Binh Branch); total bank payment revenue reached VND 240,000 billion, increasing by 27.6% compared to the same period in 2018, in which non-cash payment accounted for 75% of total payment turnover. Along with maintaining effective implementation of mobilization and lending activities, the banking sector also focused on implementing solutions to solve difficulties for capital borrowers.

In quarter I/2019, the credit institutions continued to adjust the lending interest rate for economic components, implemented the debt extension for 555 customers; kept intact the debt group after adjusting the debt term and extending the debt under Decree No. 55 for 46 customers; exempted and reduced VND 1.7 billion loan interest for 102 capital borrowers.

At the meeting, the delegates focused on discussing the solutions to solve difficulties and obstacles in the operation of the banking sector over the past time such as: many ship owners were impudent to repay the bank loans as borrowing capital for developing fisheries under Decree No. 67 of the Government, many localities have not yet actively allocated the entrusted capital resource to the Social Policy Bank to lend to the poor and policy beneficiaries...

 

Delegates attend the meeting.

Addressing the conclusion, Mr. Dang Trong Thang, Vice Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee recognized the achievements of the banking industry, most of the indicators had growth, especially the work of developing the operation network, mobilized capital resource and lending activities, thereby contributing positively to the economic growth of the province.

In order to improve the quality and operational efficiency, Vice Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee requested that in the coming time, the State Bank of Vietnam, provincial Branch would pay more attention to the development guidelines and orientations of the province, on such basis, direct the credit institutions in the are to facilitate the enterprises in accessing the bank capital resource; actively advise the province on solutions to remove difficulties in lending capital for agricultural and rural development and building of new rural areas; strengthen the inspection and checking so that the system of credit institutions in the area will operate healthily and efficiently, especially for the system of the People’s credit funds.

For the credit institutions, Vice Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee requested to actively implement the solutions to effectively implement the monetary policies and banking operation, create the most favorable conditions for customers quickly accessing the bank capital resource; promote non-cash payment, have measures to support people and ensure safety in non-cash payment activities; ensure the operation in strict accordance with the regulations, avoid mistakes which cause loss of prestige for the people.

Regarding the proposal and recommendations of the Banking sector, Vice Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee also requested the departments, sectors and localities to coordinate closely with the State Bank of Vietnam, provincial Branch in the process of solving difficulties and obstacles; report to the Provincial People’s Committee for timely settling, thus creating conditions for the Banking sector to complete well the assigned tasks.