PORTAL - On the morning of January 14, in Thu Dau Mot City, Mr. Mai Hung Dung - Member of Provincial Standing Party Committee, Permanent Vice Chairman of Provincial People's Committee attended and directed the Conference on implementing the tasks of the Banking branch in 2022.
Attending were Mr. Pham Trong Nhan - Deputy Head of the Provincial Delegation of National Assembly Deputies and leaders of a number of departments, committees and branches.
By listening to reports from representatives of banks and credit institutions in the province, Mr. Mai Hung Dung recognized and praised the results the entire banking branch has strived to achieve in 2021. In order to well implement solutions to manage monetary policy and banking activities in 2022, provincial leaders hoped that the State Bank of Vietnam - Binh Duong provincial branch will continue to improve the quality of operations, effectively deploy solutions to remove difficulties for production and business, support the market, settle bad debts and develop society - economy in the province. Organizing the implementation of monetary policy and ensuring safe and effective banking operations. Strengthening inspection and supervision of credit institutions' activities, controlling credit growth reasonably in association with improving credit quality, closely monitoring progress of bad debt settlement. In particular, continuing to direct credit institutions in the province to strengthen credit quality control, timely balance, fully and promptly meet capital needs for production and business; stepping up reform of administrative procedures, shortening the time for reviewing and approving loan applications, and improving customers' ability to access loans in the new normal; at the same time, continuing to implement programs to support customers affected by the Covid-19 pandemic as prescribed. Promoting the development of non-cash payment, programs of exemption and reduction of electronic payment service fees to directly support service users.
Permanent Vice Chairman of the Provincial People's Committee Mai Hung Dung delivers a speech at the conference
As reported, in 2021, the Banking branch has made many positive contributions to the province's socio-economic development. The banking system has promptly implemented solutions on monetary policy, credit granting activities, interest rates, foreign exchange, accelerated handling of bad debts, non-cash payments, etc. At the same time, promptly implementing measures to support and remove difficulties for people and enterprises due to the impact of the Covid-19 pandemic in accordance with the direction of the Government and the State Bank of Vietnam.
Delegates attends the conference
The State Bank of Vietnam - Provincial branch has created conditions for credit institutions to effectively implement solutions to increase access to capital for enterprises and people, contributing to repelling black credit; focused credit capital on production and business, especially priority areas such as: Rural agriculture, export, supporting industries, small and medium-sized enterprises, high-tech enterprises in the province, etc. In 2021, the total mobilized capital in the area was estimated at 266,000 billion VND, up 13.7% compared to 2020, exceeding the target of the action plan set out in early 2021; outstanding loans were estimated at over 254,000 billion VND, up 11.58% compared to 2020; outstanding loans under credit programs reached nearly 154,000 billion VND, accounting for 60.63% of total outstanding loans.
In 2022, the Banking branch sets the following targets: Capital mobilization in the economy increases by 12% to 13% compared to 2021; credit balance is oriented to increase about 11% to 12%; bad debts are controlled at less than 3% of total outstanding loans.
Reported by Phuong Chi-Translated by Nguyen Trang