Since the beginning of this year, the State Bank of Vietnam – Son La branch has focused on well doing the state management of banking and monetary activities; strengthening inspection and examination of the compliance with regulations on interest rates by credit institutions in the locality, contributing to ensuring financial safety of credit institutions.
Over the past nine months, the province’s monetary market has been stable, with no unusual developments and no violations in terms of interest rates and fee collection.
As of September 30, the total deposits of credit institutions in Son La province had reached 32 trillion VND (1.3 billion USD), up 6.55% from December 31, 2022, while their outstanding loans had hit 43.5 trillion VND (1.78 billion USD), down 2.42%.
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