Proactively unblocking capital sources for the private economic sector - Part II: Many solutions to unblock capital flows for private enterprises

VietinBank Vinh Phuc branch staff support corporate customers to access preferential loans, helping private enterprises in the province expand production and business. Photo: Chu Kieu

Diversified credit sources

In the context of increasingly fierce economic competition and unpredictable developments, the province has proactively implemented many solutions to help businesses access capital more easily, maintain operations and expand production. However, accessing bank capital is still difficult due to high collateral requirements, complicated loan procedures and non-really preferential interest rates.

To overcome these obstacles, the province has implemented many financial support programs to help businesses have more opportunities to develop. One of the important solutions is to cooperate with major banks such as VietinBank, Vietcombank, Agribank and BIDV to offer flexible credit packages, reduce mortgage requirements and optimize loan procedures.

As a result, supporting industry manufacturing enterprises can now access preferential credit packages with interest rates of only 5%/year, while start-ups and innovative enterprises are supported with loans of up to 3 billion VND without collateral. In order to help enterprises quickly access capital, the application review time has also been shortened from 30 days to 15 days.

In addition, the province has implemented a Credit Guarantee Fund to help SMEs without collateral to still be able to borrow capital. This fund guarantees up to 80% of the loan value, helping businesses reduce financial pressure and have more conditions to invest in expanding production.

Along with support solutions from banks, the province also expands the non-bank capital market by encouraging enterprises to issue bonds, attracting investment from international financial funds such as IFC, JICA, KOICA and cooperating with non-bank financial institutions to provide more flexible financial resources.

In particular, the province also applies technology to the loan process by implementing an online credit approval system, helping businesses register for loans quickly, monitor progress transparently and reduce processing time. This not only simplifies procedures but also helps businesses save costs and access capital more easily.

In order to strengthen the connection between businesses and financial institutions, the province regularly organizes investment promotion conferences, where businesses can directly exchange with banks and investment funds to find suitable financial sources.

Thanks to flexible policies and solutions to diversify credit sources, the province is creating more favorable conditions for businesses to access capital, promote production and business, and contribute to improving competitiveness in the market. With clear orientation and specific steps, the province not only supports existing businesses but also expands opportunities for new businesses, aiming for sustainable development in the future.

Agribank Yen Lac staff advise and support private enterprises to access preferential loan packages. Photo: Chu Kieu

Bank accompanies businesses

In recent years, the banking sector in the province has made many innovations to facilitate businesses in accessing capital, maintaining operations and expanding production. Recognizing the important role of the private economic sector in socio-economic development, commercial banks in the province have implemented many financial support policies with flexible loan packages, simple procedures and preferential interest rates.

The banking sector has identified accompanying businesses as one of its key tasks. Banks such as VietinBank, Vietcombank, Agribank and BIDV have signed a series of cooperation agreements with businesses, helping to optimize access to capital. Credit packages are designed to suit each type of business, including low-interest packages for supporting industry and high-tech manufacturing enterprises; unsecured loan programs of up to VND3 billion for startups and international payment incentives to help export enterprises reduce transaction costs.

One of the important initiatives to help SMEs borrow capital more easily is the Credit Guarantee Fund. With a guarantee mechanism of up to 80% of the loan value, this fund supports businesses that lack collateral to still be able to borrow capital to invest in production.

Along with financial solutions, the banking industry also promotes the application of technology in credit activities to simplify loan procedures. The online credit approval system has helped businesses easily apply for loans, monitor the approval process more transparently and reduce the application processing time from 30 days to 15 days.

In addition, expanding the electronic payment system also helps businesses minimize financial risks, improve cash flow management efficiency and save operating costs.

In parallel with financial support, the banking sector also actively participates in investment promotion conferences, connecting businesses with financial institutions and investment funds to expand access to capital.

These activities not only help businesses have more opportunities to cooperate with financial institutions but also create momentum to promote the economic development of the province. The companionship of the banking sector not only supports businesses in stabilizing their finances but also contributes to building a favorable business environment, creating a solid foundation for the sustainable development of the province in the future.

According to statistics from the State Bank of Region 4 (Phu Tho, Tuyen Quang, Yen Bai, Lao Cai, Ha Giang, Vinh Phuc), in the first 3 months of 2025, the total mobilized capital in the 6 provinces reached over 393 trillion VND; outstanding loans to the economy reached over 442 trillion VND. Capital mobilization and lending targets have all achieved encouraging results compared to the end of 2024. Since the beginning of the year, many banks have launched preferential credit packages to support customers as well as stimulate credit demand to achieve the growth target of 16% in 2025.

Thanh Nam

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/126393/Chu-dong-khoi-thong-nguon-von-cho-khu-vuc-kinh-te-tu-nhan---Ky-II-Nhieu-phap-khoi-thong-dong-von-cho-doanh-nghiep-tu-nhan