Page 93 - NIIÊN GIÁM THỐNG KÊ TỈNH HƯNG YÊN 2022

Credit outstanding of credit institutions, foreign banks’ branches
a) Definition

Credit outstanding is the total outstanding at a given time of credits
granted by credit institutions, foreign banks’ branches to Vietnamese legal
entities and individuals that are residents of Viet Nam in non-financial
institution sector, household institution sector, non-profit institutions sector
serving households, financial institutions that are not credit institutions such
as Deposit Insurance of Viet Nam; Viet Nam Social Insurance; Investment
and development funds of centrally-managed provinces and cities; insurance
companies; Credit guarantee fund for small and medium enterprises;
organizations other than credit institutions providing payment services,
securities companies; securities investment fund management companies,
etc. in the form of: Lending, discount, rediscount negotiable instruments and
other valuable papers; financial leasing; factoring; payments on behalf of
customers in cases guaranteed customers fail to fulfill their obligations
when the payment is due; credit card issuance; purchase and investment in
corporate bonds (excluding VAMC bonds); and other credit granting
operations are approved by the State Bank of Viet Nam.

- Short-term credits are credits granted with a maximum term of 01
(one) year.
- Medium-term credits are credits with a term of over 1 (one) year and
a maximum of 05 (five) years.
- Long-term credits are credits granted with a term of more than 05
(five) years

b) Calculation
Balance of credits granted at the last working day of the reporting period
of credit institutions, foreign banks' branches to legal entities, individuals
being residents of Vietnam in non-financial institution sector, household
institution sector, non-profit institution sector serving households by currency
(VND, foreign currency), by term (short, medium and long term).

INSURANCE
Social insurance refers a guarantee to replace or partially compensate
employees' income when his/her income is reduced or lost due to illness,
maternity, work accident, occupational disease, or end of working age or
death, on the basis of contributions to the social insurance fund.

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