Van Ho sees effective credit activities

Since the beginning of the year, the operations of banks and credit institutions in Van Ho district have remained stable, meeting the loan demands of local residents.

 The Vietnam Bank for Social Policies (VBSP)’s district branch disburses loans for residents.

The total loan disbursement across the district reached over 23.6 billion VND (926,399 USD), with total outstanding credit exceeding 845 billion VND. The Vietnam Bank for Social Policies (VBSP)’s district branch alone has disbursed more than 11.8 billion VND, with total outstanding debt of over 559 billion VND, benefiting over 8,800 customers.

The banks have strictly adhered to the State Bank of Vietnam's regulations on deposit and loan interest rates. The loans mainly supported agricultural production, livestock farming, and the development of local crafts, helping locals expand their business operations and increase their income.

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