Vice Chairman of the Provincial People's Committee highly appreciated the results of the banking branch in Binh Duong province achieved in the past year, especially promptly implemented measures to support and remove difficulties for people and enterprises impacted by the Covid-19 pandemic in accordance with the direction of the Government and the State Bank of Vietnam. This result has contributed, along with the province to make good "dual goal" of both preventing and controlling Covid-19 pandemic and developing socio-economy.
Mr. Nguyen Thanh Truc - Vice Chairman of the Provincial People's Committee speaks at the conference
He suggested that the branch continue to improve the quality of its operations, effectively implement the Government's Resolutions and the State Bank's Directive on solutions to remove difficulties for production and business, support the market and solve bad debts. Focusing on implementing the Resolutions of the Provincial Party Committee and Provincial People's Committee on socio-economic development in the area. Besides, implementing monetary policy to ensure efficiency and safety; strengthening inspection and supervision of credit institutions, in association with controlling credit growth and improving credit quality; focusing on loan capital for production and business in priority areas; diversifying credit products to help eliminate black credit and usury; promoting the development of non-cash payments.
According to the report at the conference, Binh Duong currently has 79 active credit institutions, in addition to a network of 181 transaction offices, 777 ATMs, 5,808 POS machines and 4,486 credit card-accepting units. In 2020, the whole branch has successfully completed its tasks. Capital mobilization reached nearly 234,400 billion VND, up 15.44% compared to the beginning of the year. Credit outstanding balance was 228,600 billion VND, up 13.43% compared to the beginning of 2020. Bad debt accounted for 0.43% /total outstanding balance, less than 6 times the permitted level.
Overview of the conference
Credit institutions have proactively proposed plans and positive solutions to assist in removing difficulties for enterprises impacted by the Covid-19 pandemic such as debt structure, debt rescheduling, new loans, etc. Specifically, the VND mobilizing interest rate ceiling for demand customers decreased by 0.3% p.a (from 0.8% p.a to 0.5% p.a); customers with 1-month to 6-month term decreased by 0.25%/year (from 5% p.a to 4.75% p.a); decreased by 0.5% p.a the maximum short-term lending interest rate of credit institutions for customers in 05 priority areas (from 6% p.a to 5.5% p.a). Up to now, the outstanding balance restructured and maintaining the debt group is 4,712 billion VND with 2,414 customers; interest rate exemption and reduction is 1.19 billion VND with 1,632 customers; new loan sales and maintaining the debt group is 90,191 billion VND with 9,515 customers.
In 2021, the banking branch of Binh Duong province will strive to mobilize capital in the economy increased by 12-13% compared to 2020. Credit outstanding balance increases by 12%. Bad debt is controlled below 3% / total outstanding balance, etc.