Over VND460 trillion injected into the economy from early 2021

23-Jun-2021 Intellasia | Doanh nghiep va Tiep thi | 5:02 AM Print This Post

In the morning of June 21st, the State Bank of Vietnam (SBV) has held a press conference on the banking operations in the first six months of 2021.

SBV said that the agency has flexibly operated monetary policy tools, maintained the system liquidity; synchronised monetary, credit and payment solutions, contributing to stabilising the market; and recovered the growth in the face of unpredictable impacts of the Covid-19 epidemic. As of June 15th, the credit of the entire economy increased by 5.1 percent compared to the end of 2020 (it was 2.26 percent in the same period of 2020).

Previously, according to the SBV, by the end of 2020, the outstanding credit to the economy reached over 9,192 trillion dong. Thus, from the beginning of the year, the system of credit institutions has pumped over 460 trillion dong of credit into the system.

At the press conference, the SBV also said that as of May 31st 2021, credit institutions have rescheduled the repayment terms for over 257,602 customers with outstanding credit of 336.663 trillion dong; exempted and reduced interests for 676,690 customers with outstanding loans of over 1,270 trillion dong; and offered new loans at lower interest rates compared to the period before the pandemic with an accumulated number of over 3.5 trillion dong from January 23rd 2020 until now.

In addition, the Bank for Social Policies, as of May 31st 2021, has granted debt extension to 174,871 customers with outstanding credit of over 4.3 trillion dong, and offered new loans to over three million customers with total value of over 111 trillion dong.

The non-cash payment activities in the first months of the year continued to record positive growth. Compared to the same period in the first four months of 2020, transactions via Internet channel increased respectively by 65.9 percent in quantity and 31.2 percent in value, transactions via mobile channel increased respectively by 86.3 percent in quantity and 123.1 percent in value; and transactions via QR Code channel increased respectively by 95.7 percent in quantity and 181.5 percent in value.

 

Category: Finance, Vietnam

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