Bank-business connection loans increase sharply
According to Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Region 2 Branch, in order to effectively implement business support activities and promote economic growth in 2025 according to the orientation of the State Bank and the requirements of socio-economic development of the city, the bank-enterprise connection program is a practical solution and a specific action to effectively put the monetary and credit policy mechanism into practice.
“This credit package basically best meets the capital needs, with reasonable interest rates for businesses, business households and cooperatives in the area to develop, thereby promoting the city's economic growth. To date, banks have signed loans worth nearly VND350,000 billion, up 6.35% over the same period last year,” said the Deputy Director of the State Bank of Vietnam, Region 2 Branch.
According to the bank-business connection program, there are currently over 76,600 customers borrowing, signing loans and disbursing, with a total amount of VND342,000 billion, equivalent to 66% of the package size. This credit package has been registered by 18 banking brands since the beginning of the year, with a total amount of VND517,065 billion.
Banks registered to participate in the program include Vietcombank, VietinBank, BIDV, Agribank, ACB , Sacombank, Saigonbank, Nam A Bank, OCB, HDBank, BVBank, Techcombank, NCB, BAC A Bank, BIDC, VietABank; TOYOTA Finance Company and Shinhanbank.
This preferential credit package is to support businesses, linked to the State Bank's policy mechanism with the criteria set out to reduce interest rates for businesses, increase credit limits; provide short-term loans in VND with interest rates not exceeding 4%/year for 5 priority areas including: export, agriculture and rural areas, small and medium enterprises, supporting industries and high-tech enterprises.
In addition to preferential interest rates, with credit limits suitable to the needs of businesses, the bank-business connection program also helps to solve difficulties for businesses through policy dialogue; policy communication and implementation of credit programs to support businesses. These activities not only help businesses easily access bank loans but also ensure good implementation of the task of credit growth to promote economic growth.
Suitable for new management model after restructuring
Recently, the State Bank announced the reorganization of the regional branch system in a streamlined, effective and efficient manner in accordance with the administrative management model of 34 provinces and cities after the merger.
Accordingly, the State Bank has issued 14 Decisions amending and supplementing the functions, tasks, powers and organizational structure of 14 Regional State Banks (except for Regional State Bank 1), ensuring consistency and unity in new state administrative management.
In particular, the State Bank of Region 2 will include two provinces/cities: Ho Chi Minh City (Ho Chi Minh City, Ba Ria-Vung Tau, Binh Duong) and Dong Nai (Dong Nai and Binh Phuoc) headquartered in Ho Chi Minh City. The State Banks of the region will officially operate under the new model from July 1, 2025.
According to the State Bank, the current organization and arrangement of regional State Banks ensures the inheritance of the old organizational model, is consistent with the practice of merging administrative units, minimizes the impact on staff and personnel, ensures asset safety and monetary security; and at the same time enhances the effectiveness and efficiency in implementing monetary policies at the local level.
With significant changes, some policy credit programs are expected to be more effective when this management model comes into operation and the two-level government management model is rearranged, including the bank-enterprise connection program.
Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Region 2 Branch, said that the results of the bank-enterprise connection program in Ho Chi Minh City will be a lesson learned and a solution to innovate the implementation method in line with the innovation of the management model of the State Bank of Vietnam, Region 2 Branch (after July 1, 2025, it will be the State Bank of Vietnam, Region 2) and the innovation of merging provinces and cities.
“The successful implementation of the business banking connection program with the content of supporting businesses and the goal of effectively putting policy mechanisms into practice will continue to be the driving force for credit expansion and growth, promoting socio-economic growth, and performing well the sector's tasks in the localities of Ho Chi Minh City and Dong Nai in the coming time”, said the Deputy Director of the State Bank of Vietnam, Region 2 Branch.
According to the State Bank of Vietnam, Region 2 Branch, the shift from coordinating with districts in organizing the bank-enterprise connection program; business dialogue and coordination in removing difficulties for businesses will be maintained and continued through professional associations, business associations, and local departments. At the same time, promoting the proactive role of commercial banks in organizing and implementing the bank-enterprise connection program associated with development topics and fields such as forestry and fishery; export; lending to small and medium enterprises; industrial parks and export processing zones; green credit and innovation in science and technology development, etc.
With this implementation method, lending to enterprises and business households according to production and business sectors not only creates initiative and is suitable for the change in the two-level government management model, but also ensures good implementation of credit programs and preferential credit packages.
Source: https://doanhnghiepvn.vn/kinh-te/gan-350-000-ty-dong-cho-vay-uu-dai-qua-ket-noi-ngan-hang-doanh-nghiep-/20250625090349426
Comment (0)