Early January 3, the State Bank of Vietnam-Binh Duong Branch held a conference to review its activities in 2013 and implement orientations, tasks for 2014. Attending the conference were Tran Thanh Liem, Vice-Chairman of provincial People’s Committee; Nguyen Phuoc Thanh, Deputy Governor of the State Bank of Vietnam together with representatives of province-based credit organizations.

Despite difficulties in 2013, the province’s banking sector still maintained a stable growth. The sector as of late 2013 reached VND82.609trillion in mobilized capital, up 12.72% compared to 2012; achieved more than VND62.921trillion in total outstanding loans, up 16.9% compared to 2012…

The sector’s objectives in 2014 are to strive to reach a credit growth of around 14%; increase by 17% in capital mobilization; closely control over credit quality, foreign exchange market, gold market and limit bad debts at maximum level. For credit structure, the sector will focus on providing capital for rural and agricultural development, export goods production, small and medium-sized enterprises, auxiliary industry, enterprises with hi-tech application and effective investment projects…

Addressing the conference, Mr.Liem spoke highly of the efforts by province’s banking sector in capital mobilization and investment, contributing to promoting the local socio-economic development…Also according to him, province-based credit organizations in the coming time need to realize their two basic tasks at the same time, actively seek measures and take initiative in developing reserve funds and soon deal with bad debts. They also need to create favorable conditions for enterprises to get access to capital for production and business, contributing to promoting the local economic recovery…

On this occasion, 2 collectives and 3 individuals were awarded the certificates of merit of Governor of the State Bank of Vietnam for their excellent performance in activities of the sector the 2008 and 2012 period and in implementation of the Politburo’s Directive No.57-CT/TW dated October 10, 2013 on reinforcing and developing the People’s Credit Fund system.

Reported by Thanh Hong-Translated by K.T