(MPI) - To implement indirect lending to small and medium-sized enterprises in accordance with the provisions of Decree No. 39/2019/ND-CP dated May 10, 2019 of the Government on the organization and operation of the Small and Medium Enterprise Development Fund; Decree No. 45/2024/ND-CP dated April 26, 2024 of the Government on amending and supplementing a number of articles of Decree No. 39/2019/ND-CP dated May 10, 2019 of the Government on the organization and operation of the Small and Medium Enterprise Development Fund. On December 11, 2024, the Small and Medium Enterprise Development Fund, the Ministry of Planning and Investment , in coordination with Viet A Commercial Joint Stock Bank, organized the Signing Ceremony of the Indirect Lending Framework Agreement between the Fund and Viet A Commercial Joint Stock Bank.
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| Overview of the signing ceremony. Photo: MPI |
In his opening speech, Mr. Pham Xuan Kien, Chairman of the Board of Members, thanked Viet A Commercial Joint Stock Bank for trusting and choosing the Small and Medium Enterprise Development Fund, Ministry of Planning and Investment as a partner. At the same time, he said that currently, the majority of Vietnamese enterprises are small and medium-sized, accounting for over 98% of the total number of enterprises nationwide, contributing greatly to GDP and creating more than 55% of jobs for society.
The Government has issued Decree No. 39/2019/ND-CP dated May 10, 2019 on the organization and operation of the Small and Medium Enterprise Development Fund and Decree No. 45/2024/ND-CP dated April 26, 2024 on amending and supplementing a number of articles of Decree No. 39/2019/ND-CP dated May 10, 2019 of the Government on the organization and operation of the Small and Medium Enterprise Development Fund. Accordingly, the activities to support innovative start-up small and medium enterprises, small and medium enterprises participating in industry clusters and value chains of the Small and Medium Enterprise Development Fund demonstrate the determination of the Government and the Ministry of Planning and Investment in mobilizing resources to promote the private economic sector, creating momentum for the development of the country's economy.
The Fund performs the function of direct lending or indirect lending through capital allocation to commercial banks, financing small and medium-sized enterprises for innovative startups, small and medium-sized enterprises participating in industry clusters and value chains; supporting capacity building for small and medium-sized enterprises; receiving and managing loan capital, funding, aid, contributions, and entrustments from organizations and individuals to support small and medium-sized enterprises to meet the conditions of the sponsor and in accordance with Vietnamese law; participating in the development of policies to support the development of small and medium-sized enterprises; implementing international cooperation activities on supporting small and medium-sized enterprises.
The Fund's purpose is to help small and medium-sized enterprises innovate and develop highly competitive and environmentally friendly products; invest in and innovate advanced technical equipment and technology; improve corporate governance capacity; ... to fully exploit potential, enhance competitiveness, and consolidate position in the market; thereby creating a premise for the country's economy to grow steadily.
At the Ceremony, Mr. Nguyen Van Trong, Acting General Director of Viet A Commercial Joint Stock Bank, said that by the end of November 2024, the Bank's total assets had reached VND 120,000 billion, with outstanding credit of about VND 80,000 billion. Viet A Commercial Joint Stock Bank currently has 97 branches and transaction offices stretching from North to South with nearly 1,600 employees, mainly concentrated in major cities, the Central region and the Southwest region.
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| Image at the signing ceremony. Photo: MPI |
With a strategic vision and strong commitment to supporting small and medium enterprises, Viet A Commercial Joint Stock Bank is always a pioneer in implementing flexible incentive policies, helping businesses and business households overcome challenges and develop sustainably. Viet A Commercial Joint Stock Bank is proud of its ability to provide effective financial solutions, bringing practical benefits to the business community, contributing to promoting strong economic development. Recently, Viet A Commercial Joint Stock Bank has deployed a credit package of VND 500 billion for small and medium enterprises with an interest rate of only 5%/year, in order to implement the policy of the Government and the State Bank, supporting businesses to restore and expand production and business.
In 2025, Viet A Commercial Joint Stock Bank will continue to prioritize supporting small and medium enterprises, especially those in the fields of manufacturing, services, trade and import-export. Viet A Commercial Joint Stock Bank commits to providing credit packages with preferential interest rates, and exempting services such as money transfer fees, to reduce costs for businesses. Viet A Commercial Joint Stock Bank commits to implementing a simple and fast lending mechanism to help businesses access capital in the most convenient way.
The signing ceremony is the beginning of the partnership between the Small and Medium Enterprise Development Fund , the Ministry of Planning and Investment and Viet A Commercial Joint Stock Bank, and at the same time aims to strengthen the connection, towards the goal of becoming comprehensive partners of each other, ensuring long-term cooperation, on the basis of relying on the advantages of the parties to join hands to support the small and medium enterprise community to develop sustainably according to the orientation of the Party and the Government./.
Source: https://www.mpi.gov.vn/portal/Pages/2024-12-12/Le-Ky-ket-hop-dong-khung-cho-loy-gian-tiep-giua-Qu73n4ef.aspx
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