Focusing on implementing monetary policy, ensuring safe and effective banking activities

This is one of the three requests of Mai Hung Dung, member of provincial Party Standing Committee, Pernament Vice-Chairman of provincial People's Committee at a conference implementing banking tasks in 2022 on the morning of January 14.

After hearing a report by the State Bank of Vietnam (SBV)’s Binh Duong branch and speeches from credit institutions in the province, Mr. Dung asked for provincial banking system to further improve its operational quality, effectively implement the Government's resolutions and the SBV’s directives on solutions to remove difficulties for production and business, and support the market; strengthen inspection, inspection and supervision of activities of credit institutions in association with improving credit quality, ensuring the balance of capital sources, fully and promptly meeting capital needs for production and business under the “new normal” state…

In 2021, the situation of the Covid-19 pandemic is complicated, but the banking sector’s activities remained stable, contributing to meeting the requirements of providing capital and financial services for organizations and individuals in the province. As of December 31, 2021, province-based total capital mobilization and credit activities increased by 12.28% compared to the previous year. Total outstanding loans were estimated at more than VND253 trillion, an increase of 10.58% compared to 2020. In 2022, the SBV’s Binh Duong branch has set goals and tasks with 9 solutions such as mobilizing capital by 13%; increasing by 12% in total outstanding loans… and effectively implemented programs to help enterprises remove difficulties …

Reported by Thanh Hong-Translated by Kim Tin

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