Local banking sector strives to reach credit growth at 20%-22%

The State Bank of Vietnam (SBV)’s Binh Duong branch, on January 18, forwarded a conference to implement tasks for 2017, in attendance of Tran Thanh Liem, Vice-Chairman of provincial People’s Committee together with representatives of credit institutions in the province.

In 2016, the province’s banking sector fulfilled and exceeded many major targets compared to 2015. The sector’s total capital mobilized was more than VND143.64trillion, a year-on-year increase of 24.3%. Its credit growth also achieved 29.9%...In 2017, the sector will continue closely following the instructions of the Government, the SBV and orientations for socio-economic development of the province; strive to gain growth at 19%-21% and 20%-22% in terms of capital mobilization and credit, decrease bad debt to below 3% of total outstanding loans…

Speaking at the conference, Mr.Liem highly appreciated achievements done by the sector, contributing to the local common development. In 2017, the sector needs to continue well realizing State management in the banking and monetary domain…

On this occasion, Huynh Van Minh, former Head of the Monetary Fund Department under the SBV was awarded the third-class Labor Medal of State President. The SBV’s Binh Duong branch also presented the certificates of merit to outstanding individuals and collectives in 2016.

Reported by Thanh Hong-Translated by K.T

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