Ensuring loan sources for the private economy

The private economy is identified by the province as the “heart” of the economy. Therefore, in addition to creating the most favorable conditions for investors and businesses to come to the area to research, seek and expand investment, the province, together with credit institutions, supports businesses in accessing preferential loans, promoting production and business development, contributing to economic growth.

Staff of Vietnam Joint Stock Commercial Bank for Investment and Development - Ha Long Branch, supporting organizations and individuals to borrow credit capital.

Since the beginning of the year, the State Bank Branch in Region 6 has effectively implemented the "Bank - Enterprise Connection" Program. In particular, it has coordinated with credit institutions in the province to organize 17 conferences to contact businesses, remove difficulties and obstacles; propagate credit policies, answer opinions and recommendations of businesses, individual business households and people. On March 21, 2025, the State Bank Branch in Region 6 chaired and coordinated with the State Bank of Vietnam to organize the Conference "Promoting bank credit, contributing to promoting economic growth". The conference was attended by leaders of the State Bank, provincial leaders, the National Assembly Delegation, representatives of departments, branches, associations, 210 credit institution branches and 115 enterprises and cooperatives of Quang Ninh province and other provinces in the region.

Implementing the direction of superiors and the province, credit institutions promote administrative reform, simplify service provision processes, facilitate businesses and people to access and use banking services; innovate and modernize product and service provision processes in the direction of simplifying procedures, reducing hassles, facilitating customers in transactions with banks. At the same time, publicly announce on the website and at transaction offices, on mass media about procedures, documents, interest rates, service fees; propagate and guide customers to understand and grasp their rights and obligations when transacting with banks, especially forms of business support, preferential loan programs for customers to know and choose.

Mr. Nguyen Duc Hien, Deputy Director of the State Bank Branch Region 6, said: The unit has deployed and applied a quality management system in its operations, especially in reforming administrative procedures to improve the quality of public services of the State Bank. In the past 8 months alone, 100% of administrative procedures at the Branch were carried out correctly and ahead of schedule, ensuring that state capital is quickly deployed to businesses and put into effective use.

People raise fish in cages on Thang Loi Island (Van Don special economic zone).

The State Bank of Vietnam, Region 6 Branch, has directed credit institution branches in the province to prioritize credit capital for private enterprises, especially small and medium-sized enterprises, supporting industry enterprises, and innovative start-up enterprises to borrow to invest in machinery, equipment, new technology, green transformation, and digital transformation. According to statistics, by the end of July 2025, outstanding credit in the province reached VND 212,000 billion, up 7.2% compared to the beginning of the year; outstanding loans for private economic sectors are estimated at VND 187,500 billion, accounting for 88.4% of total outstanding loans, up 6.7% compared to the beginning of the year. Of which, outstanding loans to non-state enterprises (including LLCs, joint stock companies, partnerships, private enterprises, foreign-invested enterprises, and cooperatives) reached VND62,245 billion, accounting for 29.3% of total outstanding loans, up 12% compared to the beginning of the year; outstanding loans to business households and individuals reached VND124,000 billion, accounting for 58.5% of total outstanding loans, up 4.8% compared to the beginning of the year; outstanding loans to other enterprises reached VND1,255 billion, accounting for 0.6% of total outstanding loans.

Outstanding loans are fully guaranteed in all sectors and components of the economy, of which loans to the agricultural and rural sector reached VND30,500 billion; loans to small and medium enterprises reached VND32,100 billion; loans to the export sector reached VND400 billion; loans for high-tech applications reached VND800 billion; loans for supporting industries reached VND3,200 billion.

To ensure timely capital for the private economy, Quang Ninh province continues to research, build, and supplement funds to support the development of small and medium enterprises and creative start-up funds; expand cooperation with international credit and financial institutions, investment funds, etc. to diversify capital sources for the private economy. This is not only a financial solution, but also a long-term development strategy of Quang Ninh. When capital flows are cleared, together with the state economic sector, the private economy truly becomes an important driving force, contributing to the strong and sustainable development of Quang Ninh in the new period.

Manh Truong

Source: https://baoquangninh.vn/dam-bao-nguon-von-vay-cho-kinh-te-tu-nhan-3375145.html