Nghe An: Bad debt in the area is still 1,745 billion VND

In addition to providing credit to serve people and businesses, local credit institutions also expand their operations, provide capital and banking services for projects outside the area to meet the loan needs for production, business and daily life of people and businesses in the area.

Outstanding loans for agricultural and rural development are VND65,548 billion, accounting for 37% of total outstanding loans. In the photo: peanut processing for export in Dien Chau. Photo: Mai Giang).

Credit institutions in the area have focused on lending investment capital for agricultural and rural production and export, small and medium enterprises, and government credit programs.

Specifically: Outstanding loans for agricultural and rural development are 65,548 billion VND, accounting for 37% of total outstanding loans; outstanding loans for the loan program to encourage the development of high-tech agriculture and clean agriculture according to Resolution 30/NQ-CP are 19,212 billion VND, accounting for 11% of total outstanding loans; outstanding loans for policy beneficiaries through social policy banks are 7,493 billion VND, accounting for 4.2% of total outstanding loans.

Outstanding loans for shipbuilding under Decree 67/2014/ND-CP reached VND819 billion. Photo: Viet Hung

Outstanding loans for housing support packages under Resolution 02/NQ-CP reached 365 billion VND; outstanding loans for shipbuilding under Decree 67/2014/ND-CP reached 819 billion VND, with 104 newly built large-capacity ships, most of which have been put into operation...

Also according to the report, bad debt as of April 30, 2018 of credit institutions in the area was 1,745 billion VND, an increase of 648 billion VND compared to December 31, 2013.