Unblocking capital flows for the economy

With timely and effective support from local authorities in connecting strategic investors, along with the key role of the Vietnam Development Bank (VDB) in clearing preferential credit flows, enterprises in Ninh Thuan province have accessed financial resources, which has opened the door for a series of key projects, expected to create a breakthrough to promote sustainable economic growth for the province.

At the Conference on connecting investors and implementing the State's investment credit policy, which took place on the afternoon of May 17 at Anara Binh Tien Golf and Tourism Area, Thuan Bac District, Ninh Thuan Province, VDB and enterprises signed a memorandum of understanding on cooperation - financing State investment credit capital with a total committed capital of up to VND 35,500 billion. With a pivotal role in providing investment credit capital for the economy , the capital managed by VDB has reached over VND 200,000 billion, financing nearly 200 key projects (Group A) nationwide. This has significantly contributed to infrastructure development and improving national production capacity. In particular, Decree No. 78/2023/ND-CP of the Government, effective from the end of 2023, has created a new wind for investment credit policy. According to this decree, VDB is authorized to decide on the lending interest rate based on the principle of covering costs but not lower than 85% of the average lending interest rate of commercial banks in the same period. The current preferential lending interest rate is 6.9%/year, which is a big plus for long-term projects.

Representative of Vietnam Development Bank signed a memorandum of cooperation with Trungnam Group.

Mr. Dao Quang Truong, General Director of VDB, said that the current State investment credit policy focuses on lending to large-scale projects in the fields of socio-economic infrastructure, industry, agriculture and economically disadvantaged areas. Decree No. 78 has added transport infrastructure projects with large capital needs, high-tech agricultural zone projects and liquefied natural gas (LNG) projects to the list of eligible borrowers.

Regarding the disbursement situation, in 2024 and the first months of 2025, VDB has actively implemented new lending, with 31 new investment credit contracts signed, the total approved loan capital reached VND 12,243 billion and disbursed VND 3,137 billion. VDB's total outstanding credit balance as of March 20, 2025 reached VND 161,540 billion, of which investment credit balance reached VND 38,380 billion.

For Ninh Thuan , the VDB branch in the South Central region is currently receiving and appraising loan applications for 3 projects in the province, with a total capital demand exceeding VND 2,000 billion. The projects focus on the province's key areas such as renewable energy (wind power, solar power, gas power), transport infrastructure, seaports, industrial park infrastructure, supporting industry, high technology and social security projects (hospitals, schools, clean water). It is expected that VDB will prioritize credit for eligible projects in Ninh Thuan with about VND 5,000-10,000 billion in 2025 and the following years.

With the total social investment capital demand in 2025 of about 22,500 billion VND, access to State investment credit capital plays a key role, helping investors mobilize additional resources, realizing large-scale and important projects, contributing to the local economic growth target of 13-14% in 2025. Mr. Le Van Hoan, Chairman of the Board of Directors of VDB affirmed that VDB will continue to accompany Ninh Thuan, not only supporting capital but also sharing experiences and consulting to help businesses effectively implement key projects.

With the support of loan capital, enterprises have shown strong confidence in the potential of Ninh Thuan and the effectiveness of credit policies. Mr. Nguyen Tam Thinh, Chairman of the Board of Directors of Trung Nam Group, said that Trung Nam Group has received a commitment from VDB to disburse over 14,000 billion VND. With experience and potential having invested more than 2 billion USD in Ninh Thuan in the fields of energy, infrastructure, real estate, Ca Na general seaport phase 1, Trung Nam Group plans to quickly implement investment projects in construction and business of infrastructure of Ca Na Industrial Park phase I; wind power projects; solar power according to the adjusted Power Plan VIII.

Comrade Trinh Minh Hoang, Vice Chairman of the People's Committee, affirmed that the province is committed to continuing to improve the investment environment, creating the most favorable conditions for investors to access capital and ensuring legitimate rights; at the same time, calling on enterprises to proactively and actively access preferential credit capital from VDB, boldly expand their scale, improve their competitiveness and participate more deeply in the global value chain, contributing to the overall growth target of the province and the whole country.

With timely and effective support from the State's investment credit policy, through the key role of VDB, together with the initiative and determination of the business community and local authorities, Ninh Thuan will realize the goal of sustainable and comprehensive economic growth.

Mr. Tuan

Source: https://baoninhthuan.com.vn/news/153406p1c30/khoi-thong-dong-von-cho-nen-kinh-te.htm