Last year, the State Bank of Vietnam – Son La branch well implemented state management over the monetary and banking sectors. It directed local credit institutions to strictly follow regulations on interest rates and ensure financial safety. The average deposit and loan interest rates in the system recorded decreases.
As of December 31, 2023, capital mobilisation of credit institutions in Son La province had reached 32.4 trillion VND (1.33 billion USD), up 7.88% year-on-year; and their total outstanding balance hit 45.5 trillion VND (1.87 billion), up 2%.
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