Banking industry actively removes difficulties for businesses

Banking industry proactively deploys support solutions

Sharing at the forum, Dr. Nguyen Quoc Hung commented that the world situation is complicated and unpredictable, especially the US policy and the reactions of other countries and many other factors have been and are greatly affecting the production and business activities of enterprises.

Citing statistics on the business situation, Dr. Nguyen Quoc Hung said that by the end of 2024, the country will have more than 940,000 operating businesses. In the first quarter of 2025 alone, 72,900 businesses will register for new establishment and return to operation, an increase of 18.6% over the same period in 2024. On average, more than 24,300 businesses will return to the market each month.

Dr. Nguyen Quoc Hung said that the banking industry has actively implemented solutions to support businesses in accessing capital to restore and expand production and business.

However, during the same period, the number of enterprises withdrawing from the market was still very large: more than 61,400 enterprises temporarily suspended business (up 15.1% over the same period last year), nearly 11,500 enterprises stopped operating pending dissolution, and 5,900 enterprises completed dissolution procedures. On average, nearly 26,300 enterprises left the market each month.

In that context, Dr. Nguyen Quoc Hung said that the banking industry has quickly stepped in and actively implemented solutions to support businesses in accessing capital to restore and expand production and business.

From the side of credit institutions, a series of support policies have been issued such as reducing loan interest rates, restructuring debt repayment terms, extending and deferring debt for businesses; at the same time, banks have also made efforts to reduce costs and service fees to create more room to support customers.

“The synchronous and drastic implementation of the above solutions throughout the banking sector has contributed to promoting credit growth and promptly supplying capital to the economy ,” affirmed Dr. Nguyen Quoc Hung.

Synchronizing solutions to improve capital access for businesses

Frankly acknowledging the current difficulties in credit activities, Dr. Nguyen Quoc Hung said that many businesses still have difficulty accessing bank loans. The main reason is due to weak resilience after a long period of difficulty, leading to a decline in financial capacity, not meeting the prescribed loan conditions.

In addition, many businesses face legal problems related to collateral: no land use right certificate, land in suspended planning area, disputes... making it impossible for banks to consider lending.

“To access bank capital, businesses need to have transparent and healthy finances. However, currently, most of them are small and medium-sized enterprises with limited scale, weak financial capacity, lack of feasible business plans, incomplete accounting books, etc., leading to difficulties in appraisal,” he emphasized.

On the other hand, on the part of credit institutions, Dr. Nguyen Quoc Hung shared that credit institutions cannot lower standards, reduce regulations and lending conditions and must still comply with legal regulations to ensure risk management and system safety. In particular, in the context of drastic implementation of solutions to restructure banking activities, credit institutions are increasingly promoting the application of risk management standards according to international practices, requiring increasing transparency...

In addition, the rapid digital transformation process has also made banks the target of cybercrime attacks with increasingly sophisticated and complex scale and level.

In order to help businesses overcome challenges and improve their competitiveness, Dr. Nguyen Quoc Hung said that there needs to be synchronization in solutions. Accordingly, the representative of the Banking Association suggested that the People's Committees of provinces and cities continue to coordinate with the banking sector to actively implement the Bank - Business Connection Program to grasp and promptly handle difficulties of people and businesses in credit relations; Speed ​​up the process of granting certificates of land use rights and ownership of assets on land, secured transaction procedures and related administrative procedures to facilitate businesses in their relations with banks...

For the State Bank, the Banking Association proposes to continue implementing joint lending and supply chain programs; Actively implement the bank-enterprise connection program to work with local authorities to directly and synchronously resolve difficulties and obstacles of enterprises; Actively complete policies on bad debt handling and implement solutions to prevent bad debt from increasing.

For enterprises, it is necessary to drastically restructure in terms of strategy, organizational structure, operations, finance and corporate governance to improve competitiveness, asset growth, financial transparency and operational information as a basis for credit institutions to appraise loans; it is necessary to choose effective business plans, focusing on areas that exploit the comparative advantages of enterprises, while focusing on investment to upgrade core technology, invest in and apply modern and advanced technologies...

Source: https://thoibaonganhang.vn/nganh-ngan-hang-tich-cuc-thao-go-kho-khan-cho-doanh-nghiep-163056.html