On the morning of January 4, the provincial National Assembly Delegation organized a supervision of the implementation of Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies to support the socio-economic recovery and development program at the State Bank of Vietnam (SBV) and credit institutions in the province. Comrade Tran Thi Hong Thanh, member of the Provincial Party Committee, Deputy Head of the Provincial National Assembly Delegation chaired the supervision session.

Immediately after Resolution No. 43 was issued, the provincial State Bank thoroughly grasped and deployed it to 100% of commercial bank branches in the province and all cadres, party members, civil servants, public employees and workers. Since then, commercial bank branches have reviewed customers' loan needs and continued to restructure debt repayment terms, maintain debt groups and exempt and reduce interest rates for eligible customers.

It is estimated that by December 31, 2023, commercial bank branches in the province have supported 51 customers who are eligible under Decree 31/2022/ND-CP of the Government on "interest rate support from the State Bank for loans of enterprises, cooperatives, and business households" to borrow preferential loans with a loan turnover of VND 34,252 million; the amount of interest rate support for customers is VND 324 million.

Implementing the preferential loan program according to Resolution 11/NQ-CP of the Government, the Provincial Branch of the Bank for Social Policies has disbursed VND 536,560 million/7,218 customers, reaching 100% of the plan. Thereby, it has timely supported over 8,000 workers to have jobs and stable income; 360 households have funds to build new houses; 48 non-public preschools have access to loans to restore and maintain operations; more than 1,500 students have been able to buy computers and online learning equipment, etc.

Along with that, the provincial State Bank has reduced lending interest rates to support economic difficulties. In 2023 alone, the operating interest rates were continuously adjusted 4 times, with a reduction of 0.5-2%/year. Up to now, the interest rate level has decreased significantly, the average deposit and lending interest rates of new transactions have decreased by 1-2% compared to the end of 2022...

At the monitoring session, representatives of the Ninh Binh Banking sector proposed: At the end of fiscal year 2023, it is proposed to finalize the 2% interest rate support package from the State budget through commercial banks and transfer the source to the Social Policy Bank to extend the lending policy to support job creation; students; new construction or renovation and repair of houses according to the social housing policy or tax exemption and reduction for businesses and people...

Delegates discussed and clarified a number of issues such as: The situation of lending to support customers to restore and develop production and business; the situation and results of implementing the goal of reducing lending interest rates...

Concluding the supervision session, Deputy Head of the Provincial National Assembly Delegation Tran Thi Hong Thanh highly appreciated the results of the implementation of Resolution No. 43 of the Ninh Binh Banking sector. At the same time, she requested the provincial State Bank to continue to fully evaluate the effectiveness of the implementation of Resolution No. 43; continue to research and simplify loan procedures, have additional reasonable interest rate support packages to remove difficulties for businesses and people; have timely and effective solutions to limit bad debt.

Strengthen coordination with departments, branches, sectors and business associations in the area to grasp related difficulties and problems in order to support people and businesses in accessing stable loan sources and maintaining production and business activities, promoting economic growth.

At the same time, the Provincial National Assembly Delegation received and synthesized opinions and recommendations from the Ninh Binh Banking sector to promptly propose to competent authorities for consideration and resolution in the coming time.

News and photos: Kieu An