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Four commercial bank branches in Ho Chi Minh City –ACB , Sacombank, Vietcombank, and HDBank – have just signed agreements to provide preferential support to 257 customers, which are businesses in priority sectors in District 1, with outstanding loans totaling VND 4,342.9 billion.
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| Representatives of banks signed agreements with businesses in District 1 to provide preferential loans on August 4th. |
On August 4th, the State Bank of Vietnam (SBV) Ho Chi Minh City branch, in coordination with the People's Committee of District 1, organized a dialogue conference between businesses and the government of District 1 and a signing ceremony for bank-business cooperation in District 1.
During this networking event, four commercial bank branches in Ho Chi Minh City – ACB, Sacombank, Vietcombank, and HDBank – participated in signing agreements to provide preferential support to 257 customers, which are businesses in priority sectors in the district, with outstanding loans totaling VND 4,342.9 billion. The banks also signed loan agreements with 11 customers, totaling VND 882.8 billion.
According to the District 1 People's Committee, since the implementation of the Bank-Business Connection Program in 2012, banks have disbursed a total of 555,954 billion VND to 16,490 businesses and household businesses in District 1 who received preferential loans.
Speaking at the event, Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's Ho Chi Minh City branch, said that in the first six months of the year, the preferential credit package registered by credit institutions in Ho Chi Minh City since the beginning of the year according to the plan of the Bank-Enterprise Connection Program has disbursed 82.8% of the package's size.
Specifically, in 2023, 20 banking brands registered for preferential credit packages under this program with a total amount of VND 453,070 billion. As of the end of June 2023, the banks had disbursed VND 375,233 billion, equivalent to 82.8% of the credit package. Of this amount, VND 120,080 billion was disbursed to businesses in District 1.
According to Mr. Leinh, this result is very positive because it is a preferential credit package in terms of capital, interest rates, debt restructuring for businesses; administrative procedure reform… and focuses on sectors that are drivers of economic growth: exports; agriculture and rural areas; small and medium-sized enterprises; supporting industries and high-tech enterprises.
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