"Unblocking" credit for Lam Dong businesses

The number of businesses in Lam Dong that have access to capital from credit institutions is still quite modest. Perhaps, more practical solutions are needed to “unblock” capital sources in this field, in order to support business development.

Commercial bank capital for lending to businesses in Lam Dong is still limited.

Limited access to capital

In Lam Dong, there are currently more than 23,800 private enterprises, of which the number of enterprises that have borrowed capital from credit institutions is not much. For example, in the old Dak Nong area, out of a total of 4,700 operating enterprises, only about 900 enterprises have borrowed capital from commercial banks. This means that nearly 80% of enterprises here have not or will not borrow capital from local banks. The total outstanding credit balance for enterprises is more than 8,000 billion VND, accounting for nearly 1.6% of the total outstanding debt of the entire economy in Dak Nong before the merger.

Mr. Nguyen Van Quy - Director of Huong Que Coffee Export Company Limited, Duc Lap Commune said: "It is currently very difficult for businesses to access loans from commercial banks, especially those operating in the agricultural sector. Collateral is still required by credit institutions. Banks should reduce collateral requirements. Instead, they should focus on assessing the business potential, cash flow and reputation of the business."

Most Lam Dong enterprises operate on a small scale, with weak competitiveness, leading to difficulty in accessing loans.

Discussing the difficulty in accessing capital for businesses, Deputy Director of the State Bank of Vietnam, Branch 10 (in charge of Dak Nong satellite) Pham Thanh Tinh said that in fact, the credit demand and capital absorption capacity of businesses have decreased sharply. Not to mention, most businesses in the area operate in the fields of agriculture, construction, and consumer goods distribution. Production activities depend on the epidemic situation and the price fluctuations of agricultural products in the market. "Once the market fluctuates, the production situation of businesses will fluctuate, so there is a lack of stability. In addition, Lam Dong is currently stuck in the bauxite planning, many projects cannot be implemented. Once new projects do not arise, it will affect lending to the construction industry," said Mr. Tinh.

According to the State Bank of Vietnam, Branch 10, in addition to difficulties arising from enterprises, there are also limitations on the part of credit institutions. In fact, banks in the area are all affiliated branches, so lending conditions and policies must comply with the general criteria of the head office.

To gain trust from credit institutions, businesses need to demonstrate core values.

Banks and businesses need a common voice

According to the State Bank of Vietnam, Branch 10, currently, lending capital at credit institutions is always available. Many banks even have surplus capital, but credit growth is very slow. On the contrary, many businesses in the area are in a state of capital shortage. However, banks and businesses have not yet found a common voice, so credit growth is quite difficult.

Mr. Pham Quoc Viet - Deputy Director of the Joint Stock Commercial Bank for Investment and Development (BIDV) Dak Nong Branch said that to gain trust from credit institutions, enterprises need to demonstrate their core values. Those values are strong financial capacity, good production and business plans and their ability to develop sustainably.

According to Mr. Le Minh Khoi - Director of Hoa Phat Service Company Limited, Kien Duc Commune, businesses lack capital, banks have excess money. However, the problem of businesses having difficulty accessing capital has persisted for a long time. "Credit institutions need to be more open about procedures, creating conditions for businesses to access capital to serve production and business," Mr. Khoi suggested.

In fact, in recent times, the State has implemented preferential interest rate credit packages to support the economy and the business community. However, the capital absorption capacity is still modest. The main reason is that preferential loan packages often require quite strict conditions, so businesses are also reluctant to access them. Therefore, in addition to solutions and policies from the banking sector, there needs to be synchronous coordination from local policies. Through policies, it aims to contribute to removing difficulties for production and business, supporting and promoting growth drivers.

In the first 6 months of 2025, Lam Dong had 1,500 newly established enterprises, with a registered capital of 8,500 billion VND. Compared to the same period in 2024, the number of enterprises increased by 18.3% and the registered capital increased by 0.23%. The whole province has 36 newly licensed projects, with a total registered capital of 13,700 billion VND.

Source: https://baolamdong.vn/khoi-thong-tin-dung-cho-doanh-nghiep-lam-dong-384135.html