Bank to invest 15 trillion VND in Central Highlands region
The banking sector will provide the Central Highlands region with 15
trillion VND (694 million USD) for projects on power plants,
transportation and agriculture.
The banking sector will provide the Central Highlands region with 15
trillion VND (694 million USD) for projects on power plants,
transportation and agriculture.
The announcement was made during a press conference held in Hanoi on May 14 to introduce the 3 rd Conference for Investment Promotion and Social Security for the Central Highlands, scheduled to be held in Lam Dong province on May 17.
By March 31, total outstanding loans were estimated at close to 152.4 trillion VND (7.03 billion USD), representing an increase of 4.78 percent compared to December 31 last year and 3.74 percent of the country’s total lending in the same period, according to the conference organising board.
Loans serving the agricultural sector reached nearly 73 trillion VND (343 million USD), up 3.29 percent.
The banking sector helped fund initiatives to alleviate hunger and poverty, raise living standards, ensure social security and upgrade technical infrastructure and rural areas.
From 2008 to 2014, banks have spent about 556 billion VND (23 million USD) on social welfare activities in the region.
At the 2nd Conference for Investment Promotion and Social Security for the Central Highlands, commercial banks signed 20 credit contracts for over 23.8 trillion VND (1.1 billion USD) for the region, said Tran Viet Hung, Standing Deputy Chairman of the Steering Board for the Central Highlands region.
However, the mobilised capital met only about 57 percent of the region’s demand, he added.
The Central Highlands consists of Dak Lak, Dak Nong, Gia Lai, Kon Tum, and Lam Dong provinces.-VNA
The announcement was made during a press conference held in Hanoi on May 14 to introduce the 3 rd Conference for Investment Promotion and Social Security for the Central Highlands, scheduled to be held in Lam Dong province on May 17.
By March 31, total outstanding loans were estimated at close to 152.4 trillion VND (7.03 billion USD), representing an increase of 4.78 percent compared to December 31 last year and 3.74 percent of the country’s total lending in the same period, according to the conference organising board.
Loans serving the agricultural sector reached nearly 73 trillion VND (343 million USD), up 3.29 percent.
The banking sector helped fund initiatives to alleviate hunger and poverty, raise living standards, ensure social security and upgrade technical infrastructure and rural areas.
From 2008 to 2014, banks have spent about 556 billion VND (23 million USD) on social welfare activities in the region.
At the 2nd Conference for Investment Promotion and Social Security for the Central Highlands, commercial banks signed 20 credit contracts for over 23.8 trillion VND (1.1 billion USD) for the region, said Tran Viet Hung, Standing Deputy Chairman of the Steering Board for the Central Highlands region.
However, the mobilised capital met only about 57 percent of the region’s demand, he added.
The Central Highlands consists of Dak Lak, Dak Nong, Gia Lai, Kon Tum, and Lam Dong provinces.-VNA
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