Tra Vinh Province currently has 16 provincial banking branches, 16 people’s credit funds, 84 credit transaction points spreading across 8 districts and cities, basically satisfying the funding needs for local economic development. For the past few years, credit institutions have been expanding networks, speeding up administrative reform, creating favourable conditions for businesses and citizens to effectively access bank loans.
Taking on the 2013 banking duties, the Tra Vinh Branch of the State Bank (SBV) has set some targets: increasing operating capital growth from 12 to 14 percent compared with 2012, debit balance growth from 8 to 10 percent, and general growth of 12 percent compared to 2012.
Now, provincial banks have basically completed those goals. Operating capital growth is of 12.5 percent increase, debit balance growth of 16.5 percent compared with 2012. The investment credit policies achieved good growth, contributing capital to the local socio-economic development, namely the policy on agricultural and rural loans under Decree 41 of the Government, the policy on short-term loan from debit balance for prioritised sectors in accordance with the policy of the State Bank written in Document 5294/NHNN - TD dated August 20th 2012, Document 210/NHNN-TD dated January 9th 2013 and other relevant direction of the SBV Governor.
For 2013, Tra Vinh has been consistently implementing Decree 24/2012/ND - CP dated April 3rd 2012 of the Government on management of gold trading. The province currently has 13 locations of gold bar trading licensed by the SBV Governor and 123 gold businesses qualified for gold jewellery and fine art production. Local banks and gold businesses have been well implementing the decree, stabilising the provincial gold market.
Those achievements are results from the great efforts of the banking sector. It has actively implemented guidelines, policies and measures on credit, interest rates; thereby ensuring growth in the provincial banking, sustainable and healthy development. Besides, thanks to the attention, close guidance and timely leadership of the Provincial Party Committee, Provincial People's Committee and close coordination between local departments, Tra Vinh banking sector has been able to complete the objectives and mission for 2013.
To create a healthy financial transaction environment, the work of inspection, monitoring and dealing with violation in credit operations has been conducted seriously by the provincial branch of SBV. For 2013, the branch’s inspectors set up a plan of 21 bank inspections. By far, 18 have been completed. Ms Bui Thi Sau, Director of SBV Tra Vinh Branch, said after the inspection results, there had been 94 recommendations for inspected units to deal with violations and two administrative penalties decisions for two units. Also inspectors checked the 2012 self-assessment of 16 people’s credit funds in the province; sending two inspectors participated in the inspection team of Mekong Housing Bank at the request of the Ho Chi Minh City Branch of the SBV; sending officials to participate in inter-agency inspection team on the registration of security transactions at local offices of land use registering at the request of the Department of Justice.
“This effort has shown that the Tra Vinh Branch of the SBV has been giving utmost attention to credit institutions and strengthening inspection and supervision work to timely deal with violations. As a result, provincial banks have also been seriously following the rule, especially in Tra Vinh, and up until now there has yet to be a case reported of mobilising exceeding the ceiling level prescribed by the SBV,” said Ms Bui Thi Sau.
An An
Vietnamese
