SOCIETY

Hoa Binh: Total credit outstanding debts exceed 34.7 trillion VND

6/21/2023 - 8:50:23 AM

(HBO) - According to the provincial branch of the State Bank of Vietnam (SBV), the total capital of banks and credit institutions in Hoa Binh topped 42 trillion VND (1.78 billion USD) as of May 31 this year, an increase of 5.6% from December 31 last year. Of the sum, the money mobilised from economic organisations and individuals approximated 31.4 trillion VND.



Transactions at BIDV Hoa Binh which works to meet demand for loans serving locals’ business and production activities. 

The local debts as of May 31 amounted to over 34.7 trillion VND, an increase of 2% compared to the end of 2022. Short-term and long-term debts, meanwhile, accounted for 44.3% and 55.7% of the total debt, respectively. 

Statistics from the SBV’s provincial branch show that outstanding loans in priority sectors such as agriculture and rural areas; and to support small- and medium-sized enterprises were close to 17.1 trillion VND, and more than 7.64 trillion VND, accounting for 49% and 22% of the total debt. 

Interest rates for deposits with terms of less than one month ranged from 0.1 - 0.5% per year, while those with a term from one to less than six months, from 4.6 - 5.5% per year in commercial banks and from 3.5 to 5.6% per year in people's credit funds./.

 


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