Bac Giang improves credit growth for socio-economic development

The banking sector of the northern province of Bac Giang will roll out measures to speed up loan disbursement and improve credit growth for local socio-economic development, according to the provincial branch of the State Bank of Vietnam (SBV).

                                   The banking sector of the northern province of Bac Giang continues to roll 

                    out measures to speed up loan disbursement and improve credit growth for local socio-economic development. (Photo: VNA)

The banking sector of the northern province of Bac Giang will roll out measures to speed up loan disbursement and improve credit growth for local socio-economic development, according to the provincial branch of the State Bank of Vietnam (SBV).

It will effectively fulfill its advisory role to the provincial Party Committee, the People's Committee and the SBV in terms of monetary and banking activities in the locality, as well as ask local credit institutions to comply with currency and banking regulations.

Furthermore, it will also direct commercial banks to continue with concerted and flexible solutions for capital mobilisation and lending activities, thus ensuring an adequate supply of capital for production, trade, and rural agriculture.

Together with the continued review of preferential loans under the Government’s Decree 31, debt restructuring under the SBV’s Circular 02 and social housing loans under the Government’s Resolution 33, local banks will effectively carry out programmes to connect businesses and banks together, and ease difficulties for enterprises in need of loans.