Nghe An: Disbursement of more than 25,000 billion VND in loans for large projects

Total outstanding debt of credit institutions in the area is estimated at 173,479 billion VND, an increase of 22,890 billion VND compared to the beginning of the year, equal to 15.2% of the planned level (the plan sets the level).loan growth of about 15-20%).

Graphics: Viet Phuong

Credit structure continues to be focused on investment in production, with emphasis on investment in agriculture, rural areas, exports, and small and medium enterprises.

Of which: Outstanding loans for agricultural and rural development are estimated at nearly VND 74,424 billion, up 16.3% compared to the beginning of the year. Outstanding loans for policy beneficiaries through the Social Policy Bank are estimated at VND 7,720 billion, up 7.2% compared to the beginning of the year. Export loans are estimated at VND 2,240 billion, up 14.9% compared to the beginning of the year. Outstanding loans for housing support packages under Resolution 02/NQ-CP are estimated at VND 330 billion, down 13.2% compared to the beginning of the year. Outstanding loans for shipbuilding under Decree 67/2014/ND-CP are estimated at VND 780 billion, down 6.1% compared to the beginning of the year.

Customers make loan transactions at a bank in Vinh city. Photo by Viet Phuong

Outstanding loans for large projects of the province (investment capital from 100 billion or more) that banks are funding: Currently, there are 49 large projects of the province being lent by 18 banks in the area, with a total committed funding amount of more than 30,414 billion VND; 25,060 billion VND has been disbursed, outstanding debt is 18,077 billion VND.

In 2018, mobilized capital in the area is estimated at 123,552 billion VND, an increase of 16,115 billion VND compared to the beginning of the year, equal to 15%.