On the morning of March 14, Prime Minister Pham Minh Chinh and Deputy Prime Minister Le Minh Khai chaired a conference to deploy the task of operating monetary policy in 3, focusing on removing difficulties for production and business, promoting growth and macroeconomic stability.
Policies need to be synchronized from central to local levels
Speaking at the conference, Mr. Dang Minh Truong - Chairman of the Board of Directors of Sun Group said that in recent times the Government's business support policies have been very close and specific.
"For us as a business operating in the field of entertainment, recreation, resort tourism and resort real estate, these policies have brought certain effectiveness," Mr. Truong shared and suggested. Separately, Sun Group's Ba Den Mountain tourist area in Tay Ninh will reach 2023 million visitors in 5.
In 2024, Sun Group plans to welcome 7 million customers and to date the business has reached 2 million cable car passengers thanks to new visa regulations and other liberal policies.
Particularly with the task of operating monetary policy in 2024, as a business operating in the resort real estate sector, Sun Group representatives shared that they have felt specific and positive impacts.
First, In addition to policy solutions, the Government and the State Bank have synchronously deployed monetary policies to support the economy, especially maintaining low interest rates and reducing lending interest rates.
Monday, The State Bank has proactively assigned credit limits right from the beginning of the year to help commercial banks and cooperative businesses have plans right from the beginning of the year to serve customers.
Tuesday, Circular 22/2023 takes effect from July 1, 7, adjusting and reducing the risk coefficient of some loans, helping commercial banks have more room to support policies on social housing and other loans. industrial real estate projects as well as production and business activities of the group.
Sun Group Chairman stated that real estate businesses want to access low-cost credit capital.
Regarding the exchange rate, Sun Group representative also shared that in recent days, the State Bank has conducted auctions for 28-day T-bills, short-term regulation of excess money in the market and cooling down the exchange rate. helping Sun Group's business activities also have very positive impacts.
In addition, the Working Groups of the Government and the Prime Minister have also gone to localities to promptly resolve many specific real estate projects.
"Sun Group believes that the Government's close and consistent guidance will continue to help the economy recover sustainably and stably," Mr. Truong emphasized.
However, to accelerate growth and stabilize the macroeconomy, Sun Group Chairman also proposed that the Government and the State Bank continue to have policies to maintain macroeconomic stability, most importantly stability. Deposit interest rates and lending interest rates.
Next, it is necessary to promote public investment, especially infrastructure projects, creating conditions for large and reputable enterprises to participate in key national projects.
Regarding current and future policies to support businesses in the economy, businesses request the Government to provide synchronous guidance and explanation from the Central to localities, businesses and banks. so that these policies come to life as quickly as possible.
And finally, Sun Group representatives expressed their desire for real estate businesses to have access to lower-cost credit capital.
"Currently, the difference between loans from joint stock commercial banks and state-owned commercial banks is quite large (from 4-5%), businesses want to narrow this gap and if possible Borrowing costs will decrease further to create conditions for businesses to recover," said Sun Group Chairman.
Proposing the bank to have new credit packages
Also sharing at the conference on credit policy, Mr. Quang Van Viet Cuong - Deputy Director of Industrial Investment and Development Corporation (Becamex) shared that although 2023 is a difficult year, Becamex Group has Spectacular developments and readiness for 2024.
In recent times, the Group and Becamex's ecosystem have always received cooperation from large, medium and small banking organizations at home and abroad.
Becamex believes that Becamex's access to credit is not difficult. However, a difficulty that many real estate businesses encounter and that Becamex also faces is the issue of bond issuance.
Becamex emphasized that infrastructure development businesses require huge capital. However, in recent years, businesses operating in this field often have issuance plans, usage plans, and debt repayment plans that are often long, affecting debt repayment plans, leading to impacts on loans. Credit.
“When Becamex deployed projects across the country, it was clear that the project implementation was slower than before. Previously, we had the Prime Minister's policy, we always had a plan and time, we could calculate the effectiveness of the project, but later on, the legal procedures often took longer. Therefore, cash flow and debt repayment plans are facing difficulties," a company representative said.
Becamex always receives cooperation from large, medium and small banking organizations at home and abroad.
In 2024, Becamex aims to develop social housing to serve workers and people in Binh Duong. Becamex plans to both build and expand 10.000-20.000 apartments this year. Becamex also offers this model for social housing development in all other locality projects.
Becamex expressed its hope that banks will have new policies and new credit packages deployed for businesses to grasp, to have a basis for building and creating the best conditions to connect credit capital sources, ensuring This new field develops because currently, renewable energy development does not have special incentives, different from current regulations.
Becamex also hopes that the Government will pay attention to increasing the charter capital of businesses as well as Becamex in the near future, so that Becamex will have new resources to meet development requirements in the new period..
