Hai Duong's import-export credit grows more than 33%

By the end of May 2024, the total outstanding credit balance of the entire banking sector in the province reached VND 136,482 billion, an increase of 1.9% compared to the end of 2023, an increase of 1.4% compared to the end of April 2024.
Of which, short-term debt increased by 2.8% compared to the end of 2023, up 1.3% compared to the end of April. This is a positive signal showing that people and businesses continue to increase bank loans to supplement working capital to develop production and business.

In particular, bank credit serving import-export activities at the end of May 2024 reached VND 8,242 billion, accounting for 6.04% of total outstanding loans, up 33.4% compared to the end of 2023, up 1.3% compared to the end of April 2024. Compared to the first 5 months of 2023, bank credit serving import-export activities increased by VND 4,324 billion, equivalent to an increase of 110.4%..This is also the time when the outstanding export-import credit balance in the province is the highest since the beginning of the year, contributing to promoting the province's import-export activities.

At the same time at the end of May, the total mobilized capital of the entire banking industry reached VND 199,857 billion, up 2.2% compared to the end of 2023, up 1.2% compared to the end of April 2024.