The State Bank of Hung Yen branch implements the tasks in 2021

Published on 15 - 01 - 2021

On January 14, the State Bank of Vietnam (SBV) of Hung Yen branch held a conference to evaluate the work in 2020 and implement the tasks in 2021. The conference drew the attendance of Mr. Dang Ngoc Quynh, Member of the Provincial Standing Committee, Standing Vice Chairman of the Provincial People's Committee.

The delegates attend the conference

In 2020, although the Covid-19 epidemic has seriously affected the economy, including the banking industry, credit institutions (CIs) in the province have made efforts to overcome difficulties and gain positive results: The market’s interest rate level continued to be adjusted down with the deposit interest rate reducing by 0.6 - 1% / year, the loan term and lending interest rate decreased by 0.5-2% / year. Thereby, it has contributed to solving difficulties for production and business activities of people and businesses. By the end of December 2020, the total capital of credit institutions in the province reached 95.7 trillion VND, seeing an increase of 12 trillion VND, the rate increased by 14.4% as compared to the beginning of the year; the outstanding loans to the economy by the end of 2020 reach 68.2 trillion VND, seeing an increase of 6.9 trillion VND, up 11.34% as compared to the beginning of the year. By the end of 2020, the bad debt balance in the whole province remains 1.12% of the total outstanding loans ...

Credit institutions strictly abide by the guidelines and directions of the Government and the State Bank, especially in the implementation of the regulations on VND mobilizing interest rate ceiling and short-term lending interest rates ceilings in VND for some industries and sectors of priority, focus on capital investment in programs, targets, social policy objects ..., contributing to the effective performance of targets and plans of superiors, sector and targets of the socio-economic development of the province.

In 2021, the banking industry strives to raise the local mobilized capital by 13%; credit outstanding balance increases 10% as compared to 2020, with the adjustment in accordance with developments and actual situation; the non-performing loan ratio is below 2% / total outstanding loan.

Speaking at the conference, Mr. Dang Ngoc Quynh, Standing Vice Chairman of the Provincial People's Committee acknowledged and highly appreciated the achievements of the banking industry in the past year. At the same time, it is requested that, in the coming time, the branch should follow the direction of the State Bank of Vietnam, the Provincial Party Committee and the Provincial People's Committee. To continue to effectively carry out credit expansion solutions for production, business and priority sectors. To continue to support and remove difficulties for borrowers affected by Covid-19 epidemic. To strengthen the application of technology in the banking sector, promoting non-cash payments. Banks enhance cooperation and business, bring profits to the bank and benefit the social community.

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