Banks and businesses step by step

- In recent years, the bank-business connection program has been implemented more and more practically and effectively. Banks in the province have actively implemented solutions to increase access to credit capital for businesses, thereby contributing to promoting production and business.

Loan capital from Vietcombank Lang Son helps Hoang Nguyen Trading Joint Stock Company maintain production and business activities.

In recent times, implementing the direction of the State Bank of Vietnam (SBV), the Provincial People's Committee and banks across the province have promoted the bank-enterprise connection program. The program brings "double benefits" to both businesses and banks, contributing to the socio -economic development of the province.

Get in on the action

Implementing the direction of the Provincial People's Committee on the program of connecting banks and enterprises, in recent years, the State Bank of Vietnam, Lang Son Province Branch, now the State Bank of Vietnam, Region 5, has implemented it in many appropriate forms such as: gathering information through departments, branches, and associations; organizing customer conferences, establishing working groups, and direct working sessions with customers to exchange, gather information, resolve, and share difficulties with customers, increase access to credit capital for production and business development; maintaining a hotline number to receive feedback and recommendations from people and businesses related to banking activities.

Along with that, the State Bank directed commercial banks to increase access to and understand the capital needs of enterprises. Accordingly, banks have proactively applied technology in management; procedures and documents have been simplified, online transactions have been increased, disbursement progress has been accelerated, creating conditions for enterprises to grasp and access capital sources.

Ms. Dinh Thi Hong Giang, Deputy Director of the Bank for Agriculture and Rural Development of Vietnam, Lang Son Branch (Agribank Lang Son) said: In recent times, the bank has created maximum conditions for businesses to access capital through innovation in transaction style; transparently publicizing loan application procedures, loan interest rates; supporting customers to access and use modern banking products and services. In addition, the branch has established teams (including the Board of Directors, leaders of the corporate customer department and officers in charge) to go directly to businesses to promote and advise on loan packages suitable for each business; guide and support businesses in completing loan applications and procedures. To date, the unit's outstanding loans to businesses are VND 4,056 billion, with 230 businesses still in debt.

Similarly, the Joint Stock Commercial Bank for Foreign Trade of Vietnam, Lang Son Branch (Vietcombank Lang Son) has also implemented many solutions to facilitate businesses to borrow capital. Mr. Le Xuan Truong, Director of Vietcombank Lang Son, said: In recent times, Vietcombank Lang Son has actively coordinated with the Provincial Business Association to promptly grasp the capital borrowing needs of businesses in the area. At the same time, it has directed credit officers to proactively seek customers, approach businesses in need of capital to advise and support businesses in borrowing capital, and comply with legal regulations. Currently, Vietcombank Lang Son's outstanding loans to businesses are more than VND 2,200 billion, accounting for 35% of the branch's total outstanding loans, with nearly 200 businesses still in debt; the lending interest rate for businesses of the unit ranges from 5 - 7%/year.

Along with the above two banks, in recent times, banks in the province have also done a good job of supporting businesses in accessing credit sources. According to statistics from the State Bank of Vietnam, Region 5, the province currently has 16 branches of credit institutions, and banks have seriously implemented regulations on interest rates, applying reasonable levels to share difficulties with businesses. Currently, the maximum short-term lending interest rate for a number of priority economic sectors and fields is 4%/year; loans for production and business generally fluctuate at 7-9%/year; the average lending interest rate for new transactions of commercial banks decreased by 0.68%/year compared to the end of 2024.

Help businesses develop production and business

In practice, with the unanimous participation of banks, businesses have access to loans with reasonable interest rates, reducing difficulties in capital and interest costs, helping businesses overcome difficulties and develop production and business. Not only are businesses given preferential interest rates, they are also supported with consulting on cash flow management, operation management, and building production and business development strategies that adapt to the actual situation, thereby improving the competitiveness and brand value of the business.

Mr. Tran Duc Thanh, manager of Hoang Nguyen Trading Joint Stock Company, Cao Loc town, Cao Loc district, said: In the process of accessing credit capital, the company has been regularly interested, supported and facilitated by Vietcombank Lang Son. Currently, the enterprise is accessing a credit package with a preferential interest rate of 5%/year from Vietcombank Lang Son. Thanks to the bank's capital with preferential interest rates, it has created conditions for the enterprise to maintain capital flow to ensure business operations, contributing to creating jobs for 50 workers. In 2025, the company strives to grow by 7-10% compared to 2024.

As for Lang Son Construction Joint Stock Company, Hop Thanh Commune, Cao Loc District, the company's development process has always been accompanied by the banking system in the province. Mr. La Giang Nam, Director of the company shared: The company operates in the field of construction materials production, construction of infrastructure projects in districts and cities, so capital plays a very important role for the company. Currently, our company has credit relations with a number of joint stock commercial banks in the province with a loan amount of 5 billion VND, interest rate of 7%/year. During the process of borrowing capital from banks, the company is always enthusiastically guided by bank staff on procedures and advised on suitable credit packages. Thanks to that, the company has capital for business investment, ensuring stable operations.

Not only the above two enterprises, in recent times, many enterprises have been facilitated to access loan sources to maintain and expand production and business scale. Up to now, outstanding loans for enterprises in the province have reached 14,200 billion VND. Of which, outstanding loans for small and medium enterprises have reached over 10,300 billion VND, accounting for 20.7% of outstanding loans in the whole area, up 10.3% over the same period in 2024, up 9.9% compared to December 31, 2024, with 742 enterprises still having outstanding loans.

Mr. Le Quang Huy, Director of the State Bank of Vietnam Region 5, said: In the coming time, we will continue to direct credit institutions in Lang Son province to prioritize credit for production and business activities, priority areas, loans for agricultural and rural development, development programs and projects in line with local strengths, traditional economic growth drivers (consumption, investment, export) and new growth drivers (digital transformation, green transformation, circular economy, sharing economy, science, technology and innovation...); create a favorable, equal environment, supporting business development, including creative startups, new business models, and the private economy. At the same time, strengthen inspection, examination, supervision, and strict control of credit in areas with potential risks, ensure safe and effective credit activities, sustainable development of banking activities, and contribute to supporting businesses in achieving the growth target by 2025.

With the attention and support of all levels and sectors, the capital of the banking system has made an important contribution to helping local enterprises maintain production and business activities, develop, thereby promoting the socio-economic development of the province.

Source: https://baolangson.vn/bai-chinh-ngan-hang-dong-hanh-cung-doanh-nghiep-5050301.html