At the Hanoi bridge point, there were Mr. Dao Minh Tu - Deputy Governor of the State Bank of Vietnam (SBV).
As reported by the State Bank in Binh Duong province, by September 30, 2021, the Banking branch has mobilized capital with a balance of 261,556 billion VND, an increase of 26,409 billion VND with an increase of 11.2% compared to the beginning of the year. Regarding lending, outstanding balance was 241,286 billion VND, an increase of 11,817 billion VND with an increase of 5.15% compared to the beginning of the year. Total bad debt as of September 30, 2021 is 1,658 billion VND with a bad debt to total outstanding balance ratio of 0.68%; bad debt ratio increased by 0.25% compared to the beginning of the year and was within control limit.
Overview of the conference
During the pandemic period, credit institutions in Binh Duong province reviewed and assessed the extent of damage and actively supported customers affected by the pandemic. As a result, as of September 30, 2021, the province has 93,911 billion VND of outstanding balance affected by the Covid-19 pandemic, accounting for about 38.9% of the total loan outstanding balance of the entire system. In which, restructuring the repayment term, keeping the debt group unchanged for 4,760 customers with a total debt value of 10,068 billion VND. Exempting, reducing interest, keeping the same debt group for 10,241 customers. New loans to support customers to overcome difficulties accumulated from January 23, 2020 until now, reached 223,065 billion VND with the number of customers with outstanding balance at the end of the reporting period was 13,307 customers. The total existing outstanding balance with reduced interest rate compared to the agreement in the credit contract was: 130,191 billion VND with 69,281 customers.
Leader of the SBV - Binh Duong branch speaks at the conference
On the basis of determining the operation situation of credit institutions in the area during the pandemic period, the SBV - Binh Duong branch proposed solutions to continue implementing in the coming time. First of all, branches of credit institutions, branches of foreign banks, Bank for Social Policies of Binh Duong province and People's Credit Fund continue to propagate and guide policies to support and remove difficulties for customers. Strengthening coordination with relevant units in order to early access information to support, remove difficulties for customers, approach customers deeply, record difficulties and problems to solve or handle immediately and promptly. The credit institutions in the locality continue to propagate, market, deploy and promote lending policies, loan product packages, services in the new normal in order to restore production, business, trade and services, contributing to the growth of the province's GRDP, contributing a lot to the budget and creating many jobs for the society.
Concluding the conference, Mr. Vo Van Minh requested relevant departments and branches to promptly recognize and urgently implement strictly and effectively solutions to support enterprises under the direction of Central Government and guiding documents promulgated by the Provincial Party Committee and Provincial People's Committee.
The Chairman of the Provincial People's Committee suggested that the provincial State Bank should continue to direct and guide credit institutions to timely balance, fully and promptly meet the capital needs for production and business, speed up the reform of administrative procedures, shorten the time for loan application approval and improve customers' access to loans in the new normal. Applying support measures such as restructuring the repayment term, considering loan interest exemption and reduction, maintaining the same debt group, reducing fees, etc., for customers facing difficulties due to the impact of the Covid-19 pandemic. Promoting cashless payments; exemption and reduction programs of electronic payment service fees to directly support service users, especially online payment fees for public administrative services. Coordinating with departments, committees, branches, People's Committees at all levels in the locality to share, inform, propagate and promptly disseminate supporting mechanisms, policies and solutions of the Banking branch; contributing to creating consensus in the implementation, deployment and inspection of credit institutions in the province in the observance of branch guidelines, SBV regulations and directions.
Reported by Yen Nhi -Translated by Nguyen Trang