Hoa Binh’s loans hit nearly 22 trillion VND

7/3/2019 - 10:13:39 AM

(HBO) - As of June 30, the total credit of institutions of the north-western province of Hoa Binh neared 21.26 trillion VND (909.7 million USD), increasing 5 percent year-on-year.

Of the figure, around 16.38 trillion VND were mobilised from economic establishments and local people, a rise of 6.5 percent compared to the amount at end of last year.

Credit mobilised in over 12 months stood at 6.93 trillion VND, accounting for 33 percent of the total figure.

In the period, loans provided by the province reached nearly 22 trillion VND, up 5 percent from the end of last year. Of this, loans for prioritised sectors hit 18.19 trillion VND, while the figure in credit programmes at the province’s branch of the Bank for Social Policies stood at 3.09 trillion VND.

Hoa Binh’s bad debts were 594 billion VND, or 2.7 percent of the total loans.

Credit institutions have carried out legal documents related to currency, credit and interest which were issued by the State and the State Bank of Vietnam. They also stepped up credit work, sought measures to boost investment and improved credit quality management and loans for programmes of priority.

Besides, measures to extend and adjust debts’ due dates to ease economic difficulties for businesses and families were strengthened.

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