Accompanying businesses to overcome difficulties

In the context of the global economic recession, difficulties surrounded the production and business activities of the business community in the province, gradually removing difficulties in capital investment for production and business of enterprises, the banking sector has strengthened connections, shared financial burdens, accompanied enterprises to overcome the "storm" to the shore of success.

Vietinbank Vinh Phuc branch has implemented many preferential loan packages, accompanying businesses to overcome difficulties and restore and develop production. Photo: Duc Chung

Don't let businesses with good business plans lack capital.

In difficult times, the business community in the province clearly identified opportunities and challenges, proactively proposed effective solutions to stabilize production and business, and develop sustainably. In order for the business community in the province to stabilize operations and continue to develop, at the year-end conference connecting banks and businesses, Comrade Nguyen Khac Hieu, Provincial Party Committee member, Vice Chairman of the Provincial People's Committee emphasized that the province's consistent viewpoint is to focus resources, create the most favorable conditions for people and businesses to access bank loans, and not let businesses with good business plans lack capital.

To achieve the set goals, the Vice Chairman of the Provincial People's Committee requested the State Bank of the province to strengthen direction and supervision of credit institutions to effectively implement credit programs to support enterprises; focus maximum capital resources on production and business sectors; priority sectors and national target programs.

In addition to the active support of the province and the banking sector, enterprises need to proactively improve their management and operation capacity, restructure their operations; develop effective and feasible production and business plans so that credit institutions have a basis for appraisal and consideration of loans in accordance with the business's operating situation and production needs.

Continuously accompanying the business community to overcome difficulties and create momentum to promote production and business, in recent times, the banking industry has implemented many solutions to boost credit growth such as reducing interest rates, publicizing lending interest rates; implementing credit growth according to the additional targets adjusted by the State Bank of Vietnam ; promoting the connection between banks and businesses; offering many preferential credit packages suitable for each customer group; simplifying loan procedures, applying digital transformation to the credit granting process...

Director of the State Bank of the province Hoang Duy Chinh said: During the year, the State Bank of the province organized 8 conferences connecting banks and enterprises, through which, the two sides had the opportunity to share difficulties and obstacles, and to connect and support each other to remove bottlenecks in credit relations to develop production and business.

Effectively implementing the bank-business connection program, credit institutions in the area have actively deployed many connection programs and achieved positive results. Strengthening the bank-business connection not only reflects the trust of people and businesses in banks but also shows that banking utilities and services are getting better and better, especially utilities for savings deposits, online payments, and digital banking are growing.

The entire banking sector has lent capital to 3,350 enterprises, an increase of more than 1.2% in the number of enterprises compared to the same period; total outstanding loans reached 59 trillion VND, an increase of more than 11.3% in outstanding loans compared to the same period. Of which, outstanding loans to state-owned enterprises reached 1,000 billion VND; outstanding loans to private enterprises, joint stock companies, and limited liability companies were 52,800 billion VND; and FDI enterprises were 5,200 billion VND. There were 3,000 small and medium-sized enterprises borrowing capital from credit institutions, with outstanding loans reaching 30,000 billion VND, an increase of 7.1% compared to the same period, accounting for 50.85% of outstanding loans to enterprises.

BIDV Vinh Phuc Branch accelerates digital transformation, moving towards digital banking, promoting digital economic development. Photo: Duc Chung

Hope the province has more support mechanisms

Mr. Tran Tuan Dai, Deputy General Director of A My Industrial Joint Stock Company, Thai Hoa - Lien Son - Lien Hoa Industrial Park (Lap Thach) said: "In the process of expanding production and business of the company in the past time, we needed a lot of capital and bank officers proactively came to survey the situation and guided us through quick loan procedures.

The business thanks the provincial government and the banking sector for their attention and policies to support the business community in overcoming difficulties. In the new year 2025, the business community hopes that the province will have more support mechanisms; the Government and the banking sector will continue to consider and reduce lending interest rates to increase attractiveness and support for businesses."

The proactive, active and synchronous participation of authorities at all levels and the banking sector, together with the efforts of the business community, has brought about practical results, not only helping to unblock credit flows but also creating conditions for businesses to overcome difficulties, promote production and business, continue to grow strongly, and confidently step into the new era.

Thanh Nam

Source: https://baovinhphuc.com.vn/tin-tuc/Id/123098/Dong-hanh-cung-doanh-nghiep-vuot-qua-kho-khan