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VietNamNews

Loans distributed under Quang Ninh programme

Update: July, 09/2014 - 08:53

Bank and business representatives sign credit contracts in Quang Ninh on Monday. — Photo dddn.com.vn

QUANG NINH (VNS) — Seventy-eight credit contracts were signed on Monday at the State Bank of Viet Nam's (SBV's) branch in northern Quang Ninh Province.

The combined loan totalled more than VND2.7 trillion, or US$128.57 million.

The contracts comprised part of a scheme implemented in May by the SBV and the provincial People's Committee to improve ties between banks and enterprises.

Loans for businesses and households participating in the programme so far totall VND20 trillion ($952.38 million).

As a result, overall credits for these subjects amounted to VND52.67 trillion, or $2.51 billion, at the end of June, accounting for 83 per cent of total outstanding loans. — VNS



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