Since early this year, in the context of global downturn, the banking sector of Quang Ngai province has actively collaborated with its financial institutions to implement some solutions for credit growth, deal with difficulties in the enterprises community, as well as take part in pushing provincial economic progression.
In the first sixth months, provincial banking sector has timely and effectively implemented Directive number 01/CT-NHNN dated January 31st 2013 of the Governor of State Bank of Vietnam on organising and implementing monetary policy and insuring safe and efficient banking activities in 2013 with the purpose of deploying Resolution number 02/NQ-CP dated January 7th 2013 of the Government. Specifically, the sector has intensified capital mobilisation to satisfy the demand of expanding credits, effectively serving production - business activities, the demand of essential consumption and insuring social welfare. Furthermore, it has also made credit restructuring that concentrates on capital to offer favourable credits for sectors like agriculture, rural areas, export, supportive industry, small and medium enterprises, and enterprises with large number of employees, etc. Besides strict control of high risk credits, application of appropriate interest rate to share difficulties with clients, the sector has likewise decisively implemented solutions to dissolve difficulties in credit relation between financial institutions and clients aiming to facilitate clients approaching capital resources as prescribed by laws.
And these strives have taken effect. Until July 10th 2013, overall mobilised capital in the province had reached VND23,599 billion, 65.3 percent higher than that in the same period last year; total loans accounted for VND26,572 billion, 25.32 percent higher; non performing loans revealed VND325 billion. Many banks in the province decreased interest rate about two percent annually, lower than that in the early of the year, and currently have applied the short-term loan interest rate for VND maximum of 10 percent annually for favourable sectors like agriculture, rural areas, small and medium enterprises, export, and enterprises with large employers,etc ; nevertheless, they put interest on existing loans of under 13 percent annually for these customers. Consequently, loans with interest rate under 10 percent per year reached VND5,048 billion, making up 19 percent of total loans; loans with interest rate of under 13 percent per year was VND20,410 billion, accounting for 76.81 percent of total loans; loans with interest rates varying from 13 percent to 15 percent annually was VND5,266 billion, making up 19.82 percent; loans with interest rate over 15 percent revealed VND896 billion, accounting for 3.37 percent of total loans. Currently, there are 1,552 enterprises that have credit relationship with local banks with total loans of VND17,230 billion, making up 64.84 percent of total province.
With these achievements, the banking sector of Quang Ngai province has contributed largely to the provincial socio-economic development, including the development of local enterprise community. Mr Tran Luyen, Director of the State Bank branch of Quang Ngai said that in 2013 the sector is striving to achieve following targets: capital mobilisation growth rate of 45 percent, credit growth rate of 14 percent, bad loans under 2 percent. To achieve these targets, the first priority is to dissolve problems for enterprises and help them maintain and develop production and trading. As for earlier loans, provincial branch of the State Bank also directs local credit institutions to continue restructuring repayment schedules (adjusting and extending repayment schedules); at the same time to exempt or reduce interest, which depends on financial capacity of credit institutions.
Thanh Trung
Vietnamese
