Total outstanding loans to policy beneficiaries reach over 6.5 trillion VND

In July, credit institutions in Son La province saw stable operations, with total cash collection through bank funds estimated at 8.6 trillion VND (341.6 million USD) and total cash expenditure at 8.2 trillion VND.

An employee of the Vietnam Bank for Social Policies’s branch in Thuan Chau district inspects the use of loans for economic development by a poor household.

 

Outstanding credit was estimated at 44.8 trillion VND, up 3.64% over the same period last year, including 19.8 trillion VND in short-term loans and 25 trillion VND in medium and long-term loans, up 1.84% and 5.10% year-on-year respectively.

Total outstanding loans to policy beneficiaries reached more than 6.5 trillion VND. Local capital mobilisation was estimated at 35.3 trillion VND, up 12.49% over the same period last year, of which individual deposits hit 26.38 trillion VND, and deposits from economic organizations 8.9 trillion VND, up 6.83% and 33.07% year-on-year respectively.

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