About 209,000 SMEs have outstanding debts at credit institutions.
Credit capital is considered the "blood vessel" for the economy in general and enterprises in particular, in which commercial banks play a particularly important role in supplying, regulating, and ensuring the circulation and smooth operation of this blood vessel system.
In order for the private economy to truly "take off" and promote its role as "the most important driving force of the national economy", Resolution 68-NQ/TW of the Politburo on private economic development as well as related Resolutions and directives have provided very specific and clear viewpoints, goals, roadmaps, tasks and solutions. One of the important tasks and solutions proposed is to diversify capital sources; create the most favorable conditions for the private economy to access capital resources...
Sharing at the seminar "Promoting the role of commercial banks in implementing Resolution 68" organized by the Government Electronic Information Portal on the morning of June 27, Mr. Nguyen Phi Lan, Director of the Department of Forecasting, Statistics - Monetary and Financial Stabilization (State Bank, SBV) affirmed that Resolution 68 has created conditions for the private enterprise sector to access capital, essentially diversifying capital sources, not only capital from the banking sector but also other capital sources.
Immediately after Resolution 68 was issued, the Governor of the State Bank issued action plans No. 2415 and 2416 to implement Resolution 68 as well as to specify Resolutions 138 and 139 of the Prime Minister.
This action plan has specified all action programs, specifically to all units under the State Bank as well as commercial banks and credit institutions to deploy solutions to accompany businesses, to specify Resolution 68 as well as the Prime Minister's direction to people, businesses, banks, how to create the best conditions for private enterprises to access capital, and to accompany private enterprises in the development process.
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| Seminar "Promoting the role of commercial banks in implementing Resolution 68". |
By June 18, 2025, the total outstanding credit balance of the system reached VND 16.73 million billion, an increase of 7.14% compared to the end of 2024, an increase of 18.71% compared to the same period in 2024 (in the same period in 2024, outstanding credit balance increased by +3.87% compared to December 2023).
Statistics from the State Bank of Vietnam show that up to 100 credit institutions have incurred outstanding debt to the private economic sector. Of these, about 209,000 small and medium enterprises have incurred outstanding debt at credit institutions, especially commercial banks. This confirms that credit flows have spread to all segments of enterprises and all segments of the economy.
“This figure not only reflects the strong development of the private economic sector but also reflects the efforts and endeavors of the banking industry for the private economic sector,” said Mr. Lan.
From the perspective of a commercial bank representative, Ms. Nguyen Bao Thanh Van, Deputy General Director of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), said that upon receiving Resolution 68, VietinBank welcomed this policy with a positive spirit and great expectations. “This is not only a temporary solution, but also a long-term visionary policy to promote socio-economic recovery and development,” Ms. Van said.
According to Ms. Van, the support solutions proposed in the Resolution have contributed to promoting the production and business activities of enterprises in a more positive direction, thereby increasing the demand for credit in a "healthy" way. When enterprises are healthy, have a good financial foundation and operate stably, credit institutions will also have more favorable conditions in providing capital - both safe and effective.
VietinBank has developed specialized credit packages for private enterprises and small and medium-sized enterprises (SMEs), with preferential interest rates from 5%/year - lower than the average 12-month deposit interest rate (currently at 5.2 - 5.3%). Loan packages are designed specifically for each industry and business objective to ensure the highest suitability and efficiency.
In addition to supporting financial solutions, VietinBank also provides customers with non-financial solutions and consulting support for businesses. Ms. Van said that small businesses are a group of customers who have difficulty accessing banking services and are unfamiliar with regulations on taxes, accounting or financial transparency. VietinBank has supported them to improve their financial capacity and improve financial reports to increase their chances of accessing preferential and higher-quality capital sources.
Capital flows need to be directed in the right direction to create breakthroughs.
According to experts at the seminar, increasing resources for the private economic sector, including capital resources, must not be spread evenly and widely but must have focus, key points, and be selective.
Dr. Dau Anh Tuan, Deputy General Secretary of the Vietnam Federation of Commerce and Industry (VCCI), said that capital is limited, so it must be directed to activities that create the most competitive advantages and the best effects on society.
“I think capital should be unblocked and promoted, encouraged to flow into the production sector, where specific goods and services are created, where jobs are created for many workers, where many social security issues are solved. Therefore, the industries in which we have strengths, such as agriculture, are not only businesses but also many farmers,” Mr. Tuan proposed.
According to Mr. Tuan, small and medium enterprises still have difficulty accessing credit capital, especially small and micro enterprises - the sector that accounts for 97 - 98% of the total number of enterprises in Vietnam. "This group of enterprises has almost no access to the formal banking system. They often have to borrow from informal sources such as relatives, friends, and even from black credit, which poses many potential risks both financially and legally," Mr. Tuan stated the situation.
Referring to support tools such as the Small and Medium Enterprise Support Fund, the Credit Guarantee Fund, etc., Mr. Tuan assessed that Resolution 68 has proposed many solutions to operate support and credit guarantee funds in a more effective and market-oriented manner. Mr. Tuan suggested that instead of operating as an administrative institution as before, funds should be organized in a more flexible manner, ready to accept controlled risks to support the right subjects and targets.
However, in addition to supporting businesses, Mr. Nguyen Phi Lan noted the issue of creating a healthy competitive environment.
In Resolutions 138 and 139, the Prime Minister assigned the State Bank and ministries and branches the responsibility to, in addition to creating access to capital for businesses, carry out inspection and examination activities on issues related to lending, to ensure that capital is used for the right purposes and lending targets, avoiding the case of money flowing into risky areas, causing instability for the economy. The Prime Minister also assigned ministries and branches, including the State Bank, to implement this content.
“This is one of the solutions that both ensures businesses access to capital and ensures safety for the businesses themselves,” Mr. Lan affirmed.
Source: https://baodautu.vn/nghi-quyet-68-ngan-hang-thuong-mai-tiep-suc-kinh-te-tu-nhan-cat-canh-d315169.html
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