To contribute to implementing key targets, tasks and solutions in the Action Program of Khanh Hoa Provincial Party Committee to implement Resolution No. 09 of the Politburo on construction and development of Khanh Hoa province to 2030, with a vision to 2045, the State Bank of Vietnam (SBV) - Khanh Hoa branch has set out many key tasks, including pouring lending capital with suitable interest rates for infrastructure projects of the province.
To contribute to implementing key targets, tasks and solutions in the Action Program of Khanh Hoa Provincial Party Committee to implement Resolution No. 09 of the Politburo on construction and development of Khanh Hoa province to 2030, with a vision to 2045, the State Bank of Vietnam (SBV) - Khanh Hoa branch has set out many key tasks, including pouring lending capital with suitable interest rates for infrastructure projects of the province.
Motivation from key credit policies
Over the past time, branches of credit institutions in the province have effectively implemented credit programs and policies for sectors, fields, the poor and other policy beneficiaries as directed by the Government and the Prime Minister, contributing to the socio-economic development of the province. Banks have promoted the implementation of the bank-business connecting program in combination with the market stabilization program. Thereby, many businesses have access to credit sources with preferential interest rates. By the end of June 2022, the outstanding loans of this program reached 7,590 billion VND. In addition, the banking also actively implemented solutions to remove difficulties for businesses and people affected by the Covid-19 epidemic; policies to support enterprises and business households to recover after the pandemic. Credit institutions' branches have adjusted debt terms and extended loans for 5,630 borrowers with a total structured debt value of more than 13,970 billion VND; exempted, reduced and lowered interest rates for 24,566 borrowers with nearly 516.2 billion VND; for 22,503 new borrowers with preferential interest rates…
In addition, banks also implement loan programs for agricultural and rural development according to Decree No. 55 of the Government. By the end of July 2022, this program has outstanding loans of 30,847 billion VND with 45,515 borrowers; and lent more than 29.22 billion VND to 30 customers under the program to encourage the development of high-tech and clean agriculture. Banks also disbursed nearly 288.5 billion VND for fisheries development loans under Decree No. 67 of the Government; loans to support the purchase of social housing and other policy credit programs…
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Prioritizing capital for infrastructure development projects
According to Do Trong Thao - Deputy Director in charge of the State Bank of Khanh Hoa Branch, basing on Resolution No. 09 of the Politburo, Action Program No. 30 of the Provincial Party Committee, Action Program No. 10 of the Party Committee of the Bloc of Provincial Agencies to implement Resolution No. 09 and the actual operation situation of the banking in the province, the State Bank of Khanh Hoa Branch has promulgated Action Program No. 27, on April 28, 2022 to implement Resolution No. 09. The program concretizes views, goals, targets and tasks as well as develops solutions for implementing the resolution effectively, which focuses on 4 groups of tasks and solutions.
Accordingly, the State Bank of Khanh Hoa Branch organizes timely implementation of guidelines, policies and directions of the Government and Governor of the State Bank of Vietnam on currency, credit and foreign exchange to credit institutions and people; well perform the role of focal point to closely connect credit institutions in the area; grasp, solve and propose solutions to remove difficulties and obstacles in monetary, credit and banking operations. Khanh Hoa Branch of the State Bank will direct the branches of credit institutions to concentrate loans at appropriate interest rates for investment projects on socio-economic infrastructure development; information technology infrastructure, digital infrastructure as the basis for Khanh Hoa to promote its role as a marine economic center, the main gateway to the East Sea, connecting the Central Highlands with the South Central Coast with other regions. In addition, Khanh Hoa Branch of the State Bank has effectively implemented a digital transformation plan for the banking to 2025, with orientation to 2030 and a project on developing non-cash payments in the 2021-2025 period; continues to drastically implement administrative reform, improve the investment and business environment...
In the immediate future, the State Bank - Khanh Hoa Branch will organize a conference to connect the supply and demand of credit capital in agriculture and rural areas in 2022, a symposium on interest rate support to promptly meet the capital needs for production and business development for individuals, households, cooperatives and enterprises whose products are recognized by the provincial People's Committee as OCOP (One Commune One Product) standards, hi-tech agriculture and clean agriculture.
Mai Hoang
Translated by T.T
