On November 12, information from the State Bank of Vietnam, Dak Lak branch, said that the unit has issued a document requesting credit institutions to stabilize deposit interest rates, reduce lending interest rates and promote credit growth in 2024.
The Director of the State Bank of Dak Lak province requested credit institutions in the area to maintain stable deposit interest rates and implement measures to reduce lending interest rates.
Units proactively inform customers about loan interest rates and credit programs. This is to support businesses and people in developing production and business.
During the coffee harvest season, credit institutions prioritize capital allocation to meet loan demand for investment in production and business activities of enterprises.
Units comply with regulations on safety ratios and credit limits for customers. From there, strengthen credit risk control measures and conduct strict appraisal before granting credit to customers.
The State Bank of Vietnam, Dak Lak province branch, also requires credit institutions to have solutions to simplify lending procedures.
According to statistics of the State Bank of Vietnam, Dak Lak branch, it is expected that by December 31, 2024, the total outstanding loans to the economy in the province will reach VND 167,500 billion, an increase of 10.33% (an increase of VND 15,678 billion) compared to the beginning of 2024.
As for outstanding debt by type of organization and individual, in the enterprise sector it is 32,000 billion VND, accounting for 19.52%. Meanwhile, in the household business and individual sector it is about 134,000 billion VND, accounting for up to 80.15%.
Previously, Lao Dong Newspaper reported that by the end of 2024, businesses' demand for credit loans for production and business will increase, but they are having difficulty accessing banks.
A bank branch leader (located in Buon Ma Thuot city) expressed his opinion: "Banks in the province are still focusing on retail (personal loans) to disperse risks. If banks lend to businesses, they also target small and micro customers."
According to the leader of this bank, the fact that businesses have difficulty accessing loans also has a large part of the responsibility from banks.
For example, in recent years, banks have issued credit cards indiscriminately to individuals for loans, leading to many overdue loans of more than 9 days. The reason is that banks issue credit cards to get targets, run periodic sales...
As a result, credit cards are not used and annual fees are overdue, leading to loans not meeting the criteria (even for individual business owners - PV).
