Of which, short-term credit accounts for 62.85%, up 1.6% compared to the beginning of the month, up 4.91% compared to the beginning of the year; medium and long-term credit accounts for 37.15%, up 1.3% compared to the beginning of the month, down 3.17% compared to the beginning of the year.

Accounting for a high market share in total outstanding loans in the area are wholesale, retail, auto, motorcycle and motorbike repair (32.54%); processing and manufacturing industry (15.52%); agriculture, forestry and fishery (10.8%); real estate business (9.26%).

By the end of July, the total bad debt of credit institutions in the province was VND 2,077 billion (accounting for 1.91% of total outstanding debt, down 51.4% compared to the previous month).

Mr. Pham Trong said that commercial banks are accelerating the recovery of bad debts. It is estimated that by the end of 2024, bad debts will be 1,000 billion VND (down 33.5% compared to the same period). To date, the whole area has 7/33 credit units with a bad debt/outstanding debt ratio exceeding 3%.