Banking sector earmarks capital for production and export in 2011

The State Bank of Vietnam’s Binh Duong branch just held a summing up conference on banking operation in 2010 and launched missions for 2011. Accordingly, currency market and operation of local banks reached stable growth in the past year with the total mobilized capital of nearly VND48,000bil, a rise of 47.65% from 2009, outstanding loan of VND47,267bil, a year-on-year increase of 31%.

Beside, the branch excelled resolutions and instructions on implementing monetary policy and ensured effective and safe operation of banking sector.

The local banking sector’s main task in 2011 is to reach increases of capital mobilization of 29% and credit outstanding loan of 23%. Of these, it will earmark capital for projects of production, export, rural agriculture development and so on.

On the occasion, 12 collectives and 2 individuals were honored for their achievements in the banking sector from 2007-2010.

Reported by T.Hong – Translated by A.C

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