Outstanding debt of small and medium enterprises in Ha Tinh reaches over 11,090 billion VND

Credit institutions in Ha Tinh have stepped up lending to small and medium-sized enterprises with total outstanding loans currently reaching over VND 11,090 billion, an increase of about 4.62% compared to the end of 2022.

According to records, during this period, businesses in Ha Tinh are focusing on recovering and developing production and business after being affected by the COVID-19 pandemic. In addition, many businesses are facing difficulties due to the negative impact of the economic recession, so they need large investment resources from "banks".

Banks are making efforts to "pump capital" to serve small and medium enterprises in investing in production and business.

Lending to small and medium enterprises is one of the priority credit sectors under the direction of the Government . Recently, local banks have focused on directing credit to this sector with solutions such as: strengthening administrative procedure reform; promoting digital transformation, processing customer records at the fastest rate since receiving information; applying preferential loan interest rates...

In general, businesses that have access to loans operate in a variety of fields such as: construction, trade services, industry - handicrafts, garment export, aquaculture...

According to data from the State Bank of Vietnam (SBV) Ha Tinh Branch, up to now, credit to support small and medium enterprises of credit institutions in the area has reached over VND 11,090 billion, accounting for about 12.4% of the total outstanding debt in the area and an increase of about 4.62% compared to the end of 2022.

According to the review, some banks have relatively large outstanding loans in this field such as: Vietcombank Ha Tinh Branch, BIDV Ha Tinh Branch, VietinBank Ha Tinh Branch, HDBank...

Outstanding debt of small and medium enterprises in Ha Tinh reaches over 11,090 billion VND

Garment export enterprises in Ha Tinh receive capital support for development from the banking sector.

In the coming time, the State Bank of Vietnam, Ha Tinh Branch, will continue to direct credit institutions in the area to increase credit growth safely and effectively, focusing on production sectors, priority sectors according to the Government's policies and key projects of the province. At the same time, proactively coordinate and implement solutions to remove difficulties and obstacles of small and medium enterprises to promote growth in this sector.

However, to be eligible to access credit capital from credit institutions, small and medium-sized enterprises need to continue to innovate, proactively and flexibly adapt to the market economy mechanism; focus on building a public and transparent financial mechanism; innovate and improve capacity in all aspects; carry out effective production and business...

Thao Hien

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