Up to now, the total mobilized capital of bank branches and People's Credit Funds in Yen Bai province has reached VND 56,978 billion, an increase of 2.93% compared to the end of 2024. Of which, the mobilized capital in the locality has reached VND 36,415 billion, an increase of 3.4%. It is estimated that by the end of March 2025, the total mobilized capital will reach VND 57,500 billion, with VND 36,600 billion mobilized from residents and economic organizations in the area, an increase of 3.93%. On the contrary, lending activities continue to maintain growth, meeting the capital needs for production and business.

As of February 28, 2025, total outstanding loans reached VND 49,260 billion, up 0.89%, of which short-term loans increased by 3.28% and accounted for nearly 49% of total outstanding loans. Medium and long-term loans accounted for 51.1%. It is estimated that by March 31, 2025, total outstanding loans will reach VND 49,800 billion, up 2% compared to the end of the previous year. A highlight is that agricultural - rural credit and social security continue to be prioritized for investment.

Accordingly, outstanding loans for the agricultural and rural sectors according to Government decrees reached VND21,850 billion, up 13.31%, accounting for nearly 44% of total outstanding loans. Outstanding loans for the export sector reached VND850 billion, up sharply by 21.26%. Notably, the Yen Bai Branch of the Bank for Social Policies has regularly disbursed 17 preferential credit programs.

Outstanding loans by the end of February 2025 reached VND 5,623.6 billion, up 2.42%. In particular, lending programs for poor and near-poor households, job creation, clean water - environmental sanitation, etc. were implemented synchronously, helping people access capital easily and invest effectively. Credit quality in the area continues to be well controlled. The on-balance sheet bad debt ratio is only 0.41%, showing that credit institutions are seriously implementing risk control measures, assessing and classifying customers and strictly complying with regulations on capital safety and liquidity.

With the stability of the monetary market, credit flows continue to spread strongly to priority areas such as agriculture, export and social security. This is an important premise for Yen Bai to promote sustainable economic development, reduce multidimensional poverty and improve the lives of people in the highlands in the coming time.

Thanh Phuc