Coal companies have difficulty accessing preferential loans.

HFIC will provide loans at 0% interest on 200 billion VND, with a 7-year term, to help businesses invest in new machinery, equipment, and factory buildings.

On November 8th, the Ho Chi Minh City Department of Industry and Trade and the Ho Chi Minh City State Financial Investment Company (HFIC) organized a conference to implement policies and provide interest rate support for investment projects in four key industries, supporting industries, and logistics, in accordance with Resolution No. 98/2023/QH15 and Resolution No. 09/2023/NQ-HĐND.

This interest-subsidized loan program lasts for 5 years and targets 100% domestically owned enterprises and public entities implementing projects in Ho Chi Minh City. Accordingly, HFIC will provide loans at 0% interest for up to 200 billion VND, with a 7-year repayment period, to help businesses invest in new machinery, equipment, and factory buildings.

Specifically for the logistics sector, interest rates are subsidized by 50%, meaning borrowers only pay interest on half of the loan amount, calculated using the formula: the average 12-month savings interest rate of four major banks (Vietcombank, Agribank , BIDV, VietinBank) plus 2%-2.2%.

The disbursement conditions require that the enterprise's project feasibility must be assessed by HFIC, and that it must have collateral to guarantee repayment ability. Even if the enterprise has not yet signed a contract with a contractor or equipment supplier, it can still submit an application for a loan. However, many enterprises cite the immediate obstacle of not having collateral, which may prevent them from accessing the loan.

Mr. Nguyen Quang Thanh, Deputy General Director of HFIC, said that HFIC is ready to accept future assets as collateral. However, these assets will be valued at approximately 50% of the value the business has already purchased, which will then determine the loan amount.

"Businesses with investment project ideas can contact HFIC for advice on project feasibility, to have the opportunity to access 0% interest rates. Businesses that are not eligible for interest rate support for investment projects in the four key industries, supporting industries, and logistics, but fall within the sectors that HFIC is targeting, will be able to borrow long-term capital at the current interest rate of 6.7% per year," Mr. Thanh added.

Source: https://nld.com.vn/doanh-nghiep-than-kho-tiep-can-von-uu-dai-196241108210841084.htm