Outstanding loans across province estimated at VND 306trillion

According to the State Bank of Vietnam - Binh Duong Branch, in 2023, credit institutions have continued operating effectively. Although fluctuating a lot, deposit and lending interest rates in the last months of the year has cooled down.  Along with this, the implementation of solutions to connect banks and businesses has enhanced businesses and people’s ability to access credit loans, contributing to removing difficulties for production and business, limiting and repelling black credit.

As a result, total mobilized capital in the province has been estimated at VND 289 trillion, up 4.52% over the same period, with outstanding loans estimated at VND 306 trillion, up 7.11% over the same period. The State Bank of Vietnam - Binh Duong Branch has focused on controlling increase in outstanding loans in accordance with the local economic growth rate, associated with improving credit quality. Province-based banking system has oriented credit to production-business activities and priority fields; strictly controlled credit for risky fields, deployed many solutions to create favorable conditions for businesses and people to access credit loans from banks to serve production and business.

Reported by Minh Duy-Translated by Kim Tin