In Q1 2014, province-based banking system continued being expanded. According to statistics by the State Bank of Vietnam-Binh Duong Branch, the whole province is now home to 65 credit organizations, up 3 compared to 2013, 10 people’s credit funds and 11 transaction offices.

This development has opportunely met the local people and business community’s demand for investment capital. As of late March, the total capital mobilized in the province reached more than VND85trillion, up 12.75% compared to the corresponding period last year. There was also more than VND65trillion in total outstanding loan, up 18.67% against last year’s same period.

The State Bank of Vietnam has also just issued a circular on the announcement of stopping the operation of Viet Thai Joint Venture Bank (VSB)-Binh Duong Branch. Accordingly, the branch accepted this proposal…

Reported by Thanh Hong-Translated by K.T