Outstanding loans for import and export are estimated at more than 53.7%

​According to the State Bank of Vietnam Dong Nai branch, as of the end of November 2022, the outstanding debt for import-export loans of credit institutions in the province is estimated at 53.7 trillion VND, up nearly 39% compared to the beginning of this year, accounting for 16.2% of the total loan outstanding in the region. In which, export loans are estimated at more than 26.7 trillion dong, up 24.7% compared to the beginning of this year.

Cash counting activities at a commercial bank branch in Bien Hoa city

Currently, many banks in the province focus on lending capital to production and business activities, priority fields, including import-export sector. Most recently, the State Bank of Vietnam has decided to adjust the credit target for 2022 by about 1.5-2% for the whole system of credit institutions. In particular, the Governor of the State Bank of Vietnam requires credit institutions to balance appropriate capital to grant credit, to focus capital on production and business fields, especially priority areas such as agriculture, rural areas, and export, small and medium enterprises, supporting industries…