Improving Quality of Credit activities

​A customer is transacting at a commercial bank on Pham Van Thuan Street, Bien Hoa city.

 Maintaining Growth

According to the State Bank of Vietnam (SBV) Dong Nai branch, as of the end of July 2020, the total mobilized capital of credit institutions in the province is estimated at more than 218.3 trillion dong, up about 9.8% compared to the beginning of this year. Dong Nai is one of the provinces achieving good growth in capital mobilization compared with the whole country and some neighboring localities.

Meanwhile, the total outstanding credit in the province reached about 221.1 trillion dong, up more than 4% compared to the beginning of this year. In which, total loan balance is estimated at 219.4 trillion dong, non-performing loan (NPL) accounts for about 0.69% of total loan balance.

In the last months of the year, the banking industry in the province will strive to achieve a growth rate of total on-site deposits by the end of this year, up from 10-12% in comparison with the end of 2019; total outstanding loans to the economy by the end of 2020 will increase from 14-16% in comparison with the end of 2019; strive for a NPL below 2%...

Mr. Vu Duc Quang, Director of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) - Bien Hoa branch shared, in recent months, the Bank's indicators on capital mobilization, credit balance, etc., all kept stable growth. In the coming time, the Bank will continue to encourage loans for production - business activities, consumer loans,…meeting in time the requirements of loans in accordance with regulations.

Proactively implement plan to remove difficulties in capital sources for businesses

Dong Nai State Bank branch stated that as of early July 2020, 1,877 customers affected by the Covid-19 epidemic of credit institutions in the province have been rescheduled for repayment terms, exempted or reduced interest rates and kept intact debt groups with outstanding loans of more than VND 5.1 trillion.

In which, credit institutions have restructured repayment terms for more than 1.1 thousand customers with outstanding loans of more than VND 2.9 trillion; interest rates exemption, reduction and reduction for 771 customers with outstanding loans of more than VND 2.7 trillion. The State Bank of Dong Nai Branch announced the hotline with landline 02513.824.374 and the mobile phone line 0913.849.090, as well as set up a Standing Unit to receive and promptly handle difficulties and problems of local people and businesses related to the extension, reduction of loan interest rates, debt restructuring for cases affected by COVID-19 epidemic.

Ms. Tran Thi Phuong Hien, Director of An Binh Commercial Joint Stock Bank (ABBank) Dong Nai branch, said that ABBank Dong Nai proactively implements the plan to reduce interest rates, restructure the repayment term upon request from customers, etc., for corporate customers, especially small and medium enterprises that are affected by COVID-19 epidemic if there is sufficient of related documents, etc.

Mr. Ta Thanh Long, Director of the State Bank of Dong Nai Branch, suggested credit institutions in the province should have appropriate credit solutions and in accordance with regulations; ensuring a reasonable growth rate, meeting the legitimate needs of the people, contributing to limiting “black credit”. Simultaneously, concentrating credit capital on production activities, especially in priority areas, enhancing credit risk management... Credit institutions should continue to implement solutions to remove difficulties in production - business activities, create favorable conditions for enterprises, especially small and medium-sized enterprises to access credit capital in accordance with current regulations.

Vice Chairman of the Provincial People's Committee Nguyen Quoc Hung requested that, in the coming time, the State Bank of Dong Nai branch should continue to strengthen inspection, inspection, supervision, and ensure the safety of the system; to promote connection activities between credit institutions and enterprises in order to promptly handle difficulties and problems in credit activities. Credit institutions should continue to implement solutions to reform administrative procedures in the banking industry, improve credit quality, ensure appropriate growth in bank loans.

By Nam Vu