State Bank of Vietnam, Nghe An Branch received the First Class Labor Medal

In 2018, the banking sector mobilized capital of VND 120,631 billion (an increase of VND 13,194 billion); outstanding loans to the economy in the whole area were VND 192,545 billion, an increase of 13% compared to the beginning of the year. The credit structure continued to be focused on investment in production, focusing on investment in agriculture, rural areas, exports, small and medium enterprises; outstanding loans for agricultural and rural development reached VND 73,941 billion; business results in the whole area reached VND 2,969.92 billion, of which commercial banks, cooperative banks and credit funds reached VND 2,367.15 billion, an increase of 13% compared to the previous year; the whole industry had 98/103 units with a positive difference between income and expenses...

In 2018, the banking industry also actively participated in many social and charitable activities. Specifically, it supported localities with an amount of 4,741 million VND; Tet for the poor in the year of the Pig 2019, the whole industry contributed and supported more than 6,017 billion VND.

Awarding the First Class Labor Medal to the State Bank of Vietnam, Nghe An Branch for its outstanding achievements in the period 2013 - 2017. Photo: Nguyen Hai

In 2019, the banking sector continued to implement monetary policy and banking operations under the direction of the State Bank; strengthened inspection, supervision, and implementation of the Project on restructuring the system of credit institutions associated with handling bad debts, preventing violations of the law in the banking sector; rectified and consolidated the people's credit fund system; improved the business environment, enhanced competitiveness and supported business development, promoted cashless payments...

Attending and directing the conference, comrade Le Minh Thong - Vice Chairman of the Provincial People's Committee acknowledged the efforts of the banking sector; at the same time, requested that in the coming time, the State Bank continue to perform well the inspection and supervision of financial and credit activities, closely monitor to limit bad debts, especially black credit activities in the area. Contribute to stabilizing the monetary market. Focus on investing in exploiting the potential and advantages of the province, providing modern banking facilities; completing and exceeding the set targets, actively contributing to the socio-economic development of the province.

Awarding the Second Class Labor Medal to Ms. Nguyen Thi Thu Thu - Director of the State Bank Branch of Nghe An province. Photo: Nguyen Hai

At the ceremony, along with launching the 2019 emulation movement, the State Bank of Vietnam, Nghe An Branch, announced the President's Decision to award the First Class Labor Medal to the State Bank of Vietnam, Nghe An Branch, and the Second Class Labor Medal to Ms. Nguyen Thi Thu Thu - Director of the State Bank of Vietnam, Nghe An Branch, for her outstanding achievements in banking work in the period 2013 - 2017.