Nghe An: Nearly 58,000 billion VND in loans for agricultural and rural development

(Baonghean.vn) - In 2016, the total mobilized capital in Nghe An is estimated at 91,804 billion VND, outstanding debt is estimated at 123,519 billion VND, especially the priority capital for the agricultural and rural sectors is nearly 47% of the total outstanding debt.

State Bank of Vietnam Nghe An Branch inspects operations at local commercial banks.

In recent times, the credit structure of the banking sector has always focused on investment in production such as: Loans for agricultural and rural development, outstanding loans are estimated at nearly 58,000 billion VND (reaching nearly 47% of total outstanding loans); Loans for policy subjects through social policy banks are estimated at 6,673 billion;

Outstanding loans for housing support packages under Resolution 02/NQ-CP are estimated at 413 billion VND; Loans for shipbuilding under Decree 67/2014/ND-CP are estimated at 390 billion VND; Loans for agricultural loss reduction under Decision 68/2013/QD-TTg are estimated at 224 billion VND...

Dien Chau farmers borrow capital from banks to invest in production development.

Thanks to the good performance of business tasks and provision of products and services, credit institutions and credit institution branches have diversified capital mobilization forms, meeting the borrowing needs of people and businesses, serving well the socio-economic development in the province./.

Hoang Vinh