In the morning of January 12, State Bank of Vietnam – Binh Duong Branch held a meeting to sum up its activities in 2011 and launch plans for 2012.

 

In 2011, the economy faced difficulties and challenges by fluctuation of deposit interest rates, foreign exchange and gold in the market; however, banking activities have been in position of mobilizing 56,781 billion VND. Credit loans offered to small and medium enterprises have been effective for enterprises to reduce production cost and to extend business. Credit institution system is stable by operation of 52 units, 10 funds, and 105 transaction offices.

 

Plans for 2012 were agreed upon at the conference to the extent that deposit will be increased by 25% with credit growth controlled at below 17%. Loans will be offerred more intensively to development of agriculture, rural areas, small and medium enterprises.

 

Reported by Thanh Hong – Translated by Vi Bao