Son La banks’ capital mobilization hit about 1.3 billion USD

Banks in Son La province mobilised about VND32 trillion (1.3 billion USD) as of October 31, an increase of 6.55% over the same period in 2022.

Staff of the Vietnam Bank of Social Policies’ Son La branch inspect the use of loans at grassroots level.

Total outstanding debt in the whole province reached about VND43.7 trillion, down 1.97% year-on-year.

In October, credit institutions in Son La province strictly followed the regulations and directions of the State Bank of Vietnam on interest rates, applying reasonable lending interest rates based on deposit interest rates and loan risk levels to share difficulties with customers and ensure their financial safety.

Thanks to that, the local currency market was stable, with no unusual developments, and no violations in interest rates and fee collection. The average interest rates for deposits and loans across the system decreased slightly compared to the end of 2022.

Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Maybe you are interested

Recent news

  • 'Workshop seeks to promote Muong Chanh tourism

    Workshop seeks to promote Muong Chanh tourism

    NEWS - POLITICS -
    Muong Chanh commune, in coordination with Tay Bac University, on August 18 organised a workshop themed “Muong Chanh Tourism: Potential, Current Situation and Solutions.” The event was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Lo Minh Hung; leaders of several provincial departments and agencies, and Phieng Cam, Chieng Mai, Muoi Noi and Binh Thuan communes; as well as scientists, artisans, businesses and cooperatives in the localities.
  • '"Ve ban em" gameshow held in Huoi Mot commune

    "Ve ban em" gameshow held in Huoi Mot commune

    CULTURE -
    The Son La Newspaper and Radio-Television, in coordination with the provincial Culture and Sports Centre, organised the “Ve Ban Em” (Coming to my hamlet) gameshow in Huoi Mot commune on August 18. The programme attracted a large number of local residents.
  • 'Son La youth carry revolutionary legacy forward

    Son La youth carry revolutionary legacy forward

    SOCIETY -
    More than eight decades have passed since the success of the August Revolution in 1945, yet the unyielding revolutionary spirit kindled by the Party cell at Son La Prison continues to light the way, serving as an invaluable source of strength for the people of Son La and the wider Northwestern region, especially the younger generation. From that historic autumn to today’s autumn of peace, the legacy of the revolution continues to inspire young people with a profound sense of pride and gratitude, strengthening their faith in the revolutionary traditions and their love for their homeland and country.
  • 'Attractive gameshow promotes ethnic cultural identities

    Attractive gameshow promotes ethnic cultural identities

    CULTURE -
    The Son La Newspaper and Radio-Television, in coordination with the provincial Culture and Sports Centre, on August 17 organised the “Ve ban em” (Coming to my hamlet) gameshow in Bo Sinh commune. The event attracted a large number of local residents, creating a lively and cheerful atmosphere.
  • ' Bokeo delegation pays courtesy visit to Son La leaders

    Bokeo delegation pays courtesy visit to Son La leaders

    NEWS - POLITICS -
    A delegation from Laos’ Bokeo province led by Paenkham Boutchanpheng, member of the Central Committee of the Lao People’s Revolutionary Party, Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, paid a courtesy visit to Son La provincial leaders on August 17.
  • 'Cooperatives help spur economic development in Chieng Son commune

    Cooperatives help spur economic development in Chieng Son commune

    BUSINESS -
    The collective economy is emerging as an important economic driver in the border commune of Chieng Son. The commune currently has six cooperatives operating effectively, with 78 members and providing regular employment for 68 workers. Average revenue stands at 1.3 billion VND (49,608 USD) per cooperative a year, while average annual income for workers is 80 million VND each.
  • 'Son La wraps up 2026 AI and shared data competition

    Son La wraps up 2026 AI and shared data competition

    NEWS - POLITICS -
    After one and a half days of intense competition, Son La province on August 16 concluded its 2026 competition on artificial intelligence application and use of the province’s shared data repository at Studio S350 of Son La Newspaper and Radio-Television.
  • 'Son La accelerates land database building

    Son La accelerates land database building

    NEWS - POLITICS -
    Vice Chairman of the provincial People’s Committee Nguyen Thanh Cong and a provincial working delegation on August 13 held working sessions with Mai Son and Ta Hoc communes to review progress in developing the land database.
  • 'Muong Bam advances sustainable agricultural production

    Muong Bam advances sustainable agricultural production

    BUSINESS -
    Returning to Muong Bam commune in late July, the changes across the highland area were evident in the vast green stretches of coffee plantations and fruit-growing hills. Support from the local Party Committee and authorities in production planning, access to capital, and technical transfer has helped residents transform their farming practices and gradually improve their incomes.
Load more