Page 16 - Niên giám

2. Finance and banking

In 2021, the banking activities continued to implement solutions to
remove difficulties for customers affected by the Covid-19 pandemic.
Interest rates on capital mobilization and lending tended to decrease, but
the growth of capital and credit mobilization in the province grew quite
well compared to the end of 2020. Production and business activities in
the province gradually recovered and developed; moreover, there were
many wind power projects invested and built in the province, so the state
budget revenues were considerable over the estimates.

The total state budget revenue in the province in 2021 preliminarily
reached 8,468 billion VND, a rise of 46.44% over the previous year; of
which the domestic revenues achieved 4,086.9 billion VND, an expansion
of 25.61%, and accounted for 48.26% of the total state budget revenue.
The total state budget expenditure in 2021 preliminarily reached
16,102.5 billion VND, a decrease of 3.33% over the previous year; of which
the development investment expenditures reached 2,767 billion VND,
accounting for 17.18% of the total state budget expenditure; the recurrent
expenditures achieved 5,872.5 billion VND, accounting for 36.47%.

As of 15 December 2021, the mobilized capital in the province
increased by 14.22% compared to that at the end of 2020; the total loan
outstanding to the province’s economy increased by 17.89%;
nonperforming loans accounted for about 1.14% of total outstanding loans.

3. Investment
In 2021, the province focused on implementing key and breakthrough
tasks for socio-economic development, mobilized the whole political system
actively and drastically to mobilize, attract and call for key investment
projects, taking full advantages of the supports of central ministries and
branches to promote and speed up the implementation of some important
projects. Therefore, in 2021, the realized investment increase highly
compared to that in the previous year. The large projects such as the Cam
Lo - La Son expressway traffic project speeded up the construction
progress; many wind power projects funded by non-state capital were
urgently completed and put into operation before November 1st, 2021 to get
preferential electricity prices... so the realized investment increased.

15