Medium and long-term debt accounts for 61% of total debt.

(Baonghean.vn) - Outstanding debt in the province currently reaches 123,450 billion VND, of which medium and long-term debt accounts for 61% of total outstanding debt.

Transaction at the Bank for Agriculture and Rural Development, Nghe An branch.

According to the State Bank's report: Up to now, the mobilized capital in the area has reached 75,850 billion VND, an increase of 13.2% compared to the beginning of the year; the total outstanding debt of credit institutions in the area is estimated at 123,450 billion VND, an increase of 12.7% compared to the beginning of the year, of which medium and long-term outstanding debt accounts for 61% of the total outstanding debt. Bad debt is estimated at 1,433 billion VND, accounting for 1.2% of the total outstanding debt.

Some projects are being funded with medium and long-term loans for implementation such as: Song Lam Cement Factory project, Tan Thang Cement Factory project, National Highway 1 connecting road from Hoang Mai to Thai Hoa, N5 road, N4 road, upgrading sugarcane capacity of Song Con Sugar Factory, Quang Trung Area A project....

High medium and long-term capital balance shows that the capital structure invested in production and business has shown better signs.

Pearl