BAC A BANK and the Small and Medium Enterprise Development Fund offer many incentives for businesses, from 1.2% for short-term loans, 4.4% for medium and long-term loans, and fixed throughout the loan period. 
In the context of the unpredictable fluctuations of the world
economy , the production and business activities of Vietnamese enterprises are facing numerous difficulties and challenges, especially for small and medium enterprises. This type of enterprise accounts for the majority of the entire economy, creating the largest number of jobs but is under the most severe pressure. Therefore, the issue of preferential capital for small and medium enterprises needs to receive more attention and support than ever, requiring the joint efforts of all levels of management and credit institutions. During the past time, Bac A Commercial Joint Stock Bank (BAC A BANK) has strived to seek preferential capital channels from funds and domestic and international financial institutions to diversify financial sources and promptly support investment and development activities of enterprises.
Customers who need to supplement short-term capital to serve seasonal spending and business needs at BAC A BANK can choose to borrow with preferential interest rates from only 6.6%/year.
With the goal of accompanying and working side by side with businesses, BAC A BANK and the Small and Medium Enterprise Development Fund (SMEDF) under the Ministry of Planning and Investment have signed an indirect lending framework agreement - contributing to creating favorable conditions for the domestic small and medium enterprise community to access the market's leading preferential capital sources. Accordingly, the lending interest rate is adjusted down to 1.2%/year for short-term loans, 4.4%/year for medium and long-term loans and is fixed throughout the loan term. The maximum loan term for each project is 7 years (including a maximum grace period of 2 years). Small and medium enterprises can borrow up to 80% of the total investment capital to implement the project. More attractively, a customer can borrow up to 15% of the Fund's actual charter capital (currently the loan amount is up to 120 billion VND/customer) and can participate in the program with many different projects, contributing to optimizing resources and realizing feasible production and business plans. In 2023, BAC A BANK actively implemented the SMEDF project, bringing cheap capital to many small and medium-sized enterprise customers. The number of customers successfully borrowing capital in 2023 increased 3 times, the project disbursement turnover at BAC A BANK increased more than 10 times compared to the total disbursement turnover in previous years. For the group of small and medium-sized enterprises, this preferential capital source is extremely important in laying the foundation for building and developing projects in the early stages of establishment. One of the businesses that successfully accessed the SMEDF project shared: “Accessing the preferential capital of the SMEDF of the Ministry of Planning and Investment through Bac A Bank, we were granted a principal grace period within the first 2 years and were applied a very low interest rate compared to the market during the remaining loan period. Thanks to that, we have reduced the financial burden during the operation and testing phase of the factory. In the context of many economic difficulties, this cheap capital source adds motivation for small and medium enterprises like our company to develop sustainably at present and make breakthroughs in the future.” Mr. Tran Thanh Hai, Director of Business Center II - Bac A Bank also shared his opinion that in the context of the global economic recession, with the advantage of low interest rates and long grace periods, capital from the Small and Medium Enterprise Development Fund is a very good leverage tool to help small and medium enterprises overcome the crisis. The Fund's lending target is completely suitable for the target customer group that BAC A BANK has been serving in accordance with the bank's strategic orientation. "SMEDF is a new driving force for BAC A BANK to spread its mission widely, while small and medium enterprises will also have more cheap capital to partly resolve financial difficulties, promoting businesses to improve production and business efficiency. Thereby, BAC A BANK will contribute to creating a generation of sustainable businesses, creating core and authentic values," Mr. Hai emphasized. With a system of 175 transaction points spread across 42 provinces and cities nationwide and a team of experienced staff, BAC A BANK is committed to disbursing quality and effective loans, contributing to completing the mission of a bank serving a generation of sustainable businesses. BAC A BANK is currently receiving applications, appraising, and selecting feasible projects and business plans to coordinate with SMEDF to provide capital to the right subjects, while ensuring the efficiency of capital./.
Vietnam+
Source: https://www.vietnamplus.vn/nhan-von-uu-dai-tu-smedf-doanh-nghiep-nho-va-vua-don-co-hoi-kinh-doanh-khoi-sac-post921355.vnp
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