Removing capital bottlenecks for businesses

The province currently has about 17,000 registered businesses, of which more than 10,000 are operating, creating stable jobs for nearly 600,000 workers and contributing up to 90% of the province's total budget revenue. In the first 3 months of 2025 alone, the province had 533 newly established and re-established businesses, an increase of 13.65% over the same period.

This shows that the optimistic signals about the consumer market and the effective support of credit capital from banks have helped businesses overcome difficulties, restructure, recover and develop production.

Joint Stock Commercial Bank for Investment and Development of Vietnam, Vinh Phuc Branch advises and guides customers to borrow capital.

To provide capital for businesses, the State Bank of Vietnam (SBV) Region 4 has directed local credit institutions to closely follow the direction of the SBV and the Head Office on credit growth, balancing capital sources to safely and effectively implement the 2025 business plan.

In particular, focus on providing credit to production and business sectors, priority sectors, strictly control credit to sectors with potential risks, create favorable conditions for people and businesses to access credit capital.

Promote the connection between banks and businesses, deploy many preferential credit packages suitable for each customer group, simplify loan procedures, apply digital transformation to the credit granting process, create favorable conditions for people and businesses to access bank credit capital; restructure debt, maintain debt groups, and provide new loans for businesses to restore production and business.

As of March 31, the total outstanding loans of credit institutions in the province reached 146 trillion VND, an increase of 1.61% compared to the end of 2024. Of which, outstanding loans to businesses reached 57,400 billion VND, with more than 3,000 borrowers, an increase of 0.09% compared to 2024. Outstanding loans to small and medium enterprises alone reached 29,500 billion VND, an increase of 3.64% compared to the end of 2024.

Talking about his career journey in Vinh Phuc, Mr. Tommy Yance Manawan, Chief Financial Officer of Japfa Comfeed Vietnam Co., Ltd. affirmed: Japfa Comfeed's growth has always been accompanied by VietinBank Vinh Phuc. Notably, at the end of March 2025, the company and VietinBank signed an agreement to deploy a financial solution integrating an enterprise resource planning (ERP) system.

This is also an important milestone in the company's digital transformation roadmap, contributing to improving accuracy in financial management, shortening transaction processing time, saving operating costs and promoting sustainable development.

Participated in the animal feed market in the province since 1996. At that time, the company was struggling with the consumption market and investment capital, VietinBank Vinh Phuc proactively approached the company, offering mechanisms and policies to help the company access preferential capital to invest in expanding production.

In particular, in 2003, facing difficulties due to losses from the avian flu epidemic, the company received support from VietinBank Vinh Phuc by changing the terms and loan terms, helping the company restore production and continuously grow.

To date, the company has 8 factories with a wide distribution network across provinces and cities across the country; supplying nearly 300 products suitable for each stage of livestock development. In early 2025, the company was honored to receive the Top 10 prestigious animal feed companies award organized by Vietnam Report in collaboration with VietNamNet Newspaper.

The loan capital from VietinBank Vinh Phuc has helped Japfa Comfeed Vietnam Company Limited to continuously grow and operate effectively.

With the determination not to let businesses with good business plans lack capital, at the Conference connecting Banks - Enterprises, Vice Chairman of the Provincial People's Committee Nguyen Khac Hieu requested departments, branches and sectors to proactively review, grasp information, promptly remove difficulties and obstacles for businesses; focus maximum capital resources on production, business, priority areas and national programs and targets.

Create favorable conditions for businesses to access bank loans, not allowing businesses with good business plans to lack capital. Commercial banks in the province proactively review and evaluate credit quality and handle bad debts, ensuring objective and substantial data.

At the same time, strengthen the connection between Banks and Enterprises in many suitable, practical and effective forms to grasp, share information, remove difficulties for customers; and unblock capital for production and business activities.

Along with that, continue to reduce costs, simplify lending procedures, increase the application of information technology and digital transformation in the lending process; deploy support measures, remove difficulties for businesses such as restructuring debt repayment terms, considering reducing interest rates, continuing to provide new loans to restore production and business for customers facing difficulties.

Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/126420/Go-nut-that-ve-von-cho-doanh-nghiep