On May 30, Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam (SBV) Branch Region 2, said that up to now, the total outstanding loans to small and medium enterprises (SMEs) of the banking system in Ho Chi Minh City have reached more than 1.5 million billion VND, an increase of 10.6% compared to the end of 2024 and accounting for about 38.5% of the total outstanding credit in the whole area. This figure is a testament to the effectiveness of the policies that the SBV has issued in recent times. However, the reality of capital access for the private economic sector, especially SMEs, still needs to be resolved.
According to Mr. Nguyen Duc Lenh, over the past time, the State Bank has continuously implemented preferential policies to support the development of SMEs. Notably, the policy of short-term loans in VND for 5 priority sectors, including SMEs with a maximum interest rate of 4%/year. This policy has been implemented over the past decade, contributing to reducing capital costs for enterprises with healthy and transparent financial situations, thereby promoting production and business.
At the same time, the State Bank of Vietnam’s policy also diversifies lending methods, including unsecured lending – a form that is expected to remove the “collateral” bottleneck for many SMEs. According to Circular 39, credit institutions are allowed to proactively provide unsecured loans based on data analysis, cash flow and business reputation.
Mr. Lenh also acknowledged that although the banking sector has many specific policies, access to capital for SMEs is still not really open. Many businesses have not met the conditions to enjoy incentives. The main reasons come from limitations such as: lack of transparency in financial reports, unstandardized management systems, unreliable financial data, and even lack of periodic audits. These are factors that make it difficult for credit institutions to assess, credit score, and classify businesses - mandatory conditions for implementing unsecured loans or applying preferential interest rates.
"When SMEs proactively innovate, make cash flow transparent, digitize operations, increase prestige and financial responsibility, it will create conditions for credit institutions to confidently expand lending forms, especially unsecured loans based on data and cash flow," Mr. Nguyen Duc Lenh emphasized.
Source: https://ttbc-hcm.gov.vn/du-no-cho-vay-doanh-nghiep-nho-va-vua-tai-tphcm-dat-hon-1-5-trieu-ty-dong-1018811.html
Comment (0)