Nghe An: Capital mobilized into banks increased by nearly 600 billion VND

As of January 31, 2023, the mobilized capital in Nghe An (excluding the Development Bank) is estimated at VND 200,390 billion, an increase of VND 599 billion compared to the beginning of the year, equal to 0.3%, the same period in 2022 was 1.2%.

At VIB Bank Vinh branch, a bank employee said: "Compared to the end of the year, it is not as good as at that time, because at that time, there was a lot of money coming in, and mobilization increased sharply. But after Tet, the mobilization situation continued to increase, and depositors tended to long-term. Interest rates from the beginning of the year until now have been stable, with 1 month at 6%/year, 6 months from 8 - 9.5 depending on the amount of deposit".

Transactions at banks in Vinh city. Photo: Thu Huyen

According to aggregated data, the total outstanding debt of credit institutions in the area is estimated at VND 263,129 billion, an increase of VND 2,605 billion compared to the beginning of the year, equal to 1% (the growth rate in 2022 is 2.2%). Of which, medium and long-term outstanding debt is estimated to account for 41.24% of total outstanding debt, outstanding debt in VND is estimated to account for 98.2% of total outstanding debt.

Outstanding loans of some credit programs as of January 31: Loans for agriculture, rural areas and rural areas in the whole area are estimated at VND 124,867 billion, accounting for 45.6% of outstanding loans in the whole area; Loans for high-tech agricultural development and clean agriculture according to Resolution 30/NQ-CP are estimated at VND 20,126 billion, accounting for 7.3% of total outstanding loans in the whole area; Export loans are estimated at VND 3,150 billion, up 0.8% compared to the beginning of the year; Housing support loans according to Resolution 02/NQ-CP dated January 7, 2013 of the Government are estimated at VND 150 billion; Shipbuilding loans according to Decree 67/2014/ND-CP are estimated at VND 183 billion.

Officials from the Social Policy Bank of Quy Chau district inspect the loan model in Chau Phong commune. Photo: Thu Huyen

Currently, the State Bank of Vietnam, Nghe An branch, is continuing to direct the provincial Social Policy Bank to effectively implement preferential lending policies in the area, especially for lending preferential programs using loan capital under Resolution 11/NQ-CP, ensuring 100% disbursement of loan programs for job creation, social housing, student loans to buy computers, and loans for preschools.

Particularly for the lending program under Decree No. 28/ND-CP on lending to ethnic minorities, from April 27, 2022 to December 31, 2022, the Social Policy Bank, Nghe An province branch, was assigned by the Central Government to implement 5 credit programs with a total capital of VND 548.4 billion; The branch has disbursed capital for 5/5 credit programs to 12,989 customers, with an amount of VND 435.51 billion./.