Ha Tinh currently has about 13,000 enterprises and affiliated units, most of which are small and medium enterprises (SMEs).
Compared to foreign direct investment (FDI) or state-owned enterprises, SMEs often face more difficulties due to their small size, low capital and limited technology application. Recognizing the importance of this sector, the Government has identified SMEs as a priority credit target, in order to unlock resources and support domestic enterprises to develop.
In Ha Tinh, the banking sector has proactively implemented a series of flexible credit policies, accompanying SMEs in every strategic step. Credit institutions not only play the role of providing capital but also act as financial consulting partners, contributing to orienting businesses towards sustainable development.
One of the long-standing "bottlenecks" of SMEs is the slow digital transformation, technology application and innovation. This largely stems from conventional production thinking, fear of risk as well as financial limitations. To overcome this difficulty, the local commercial banking system has actively surveyed actual needs and deployed appropriate loan packages to support businesses in investing in modern machinery and production lines, aiming towards automation.
A typical example is Viet Hai High-Tech Components Manufacturing Company Limited (Song Tri Ward) - one of the pioneering enterprises in applying high technology to the production of construction materials. Thanks to investing in modern production lines imported from abroad, scientific production - business strategies and the support of the banking industry through preferential loan packages, the enterprise has risen to assert itself, becoming a famous construction materials brand in the North Central region, with revenue of hundreds of billions of VND/year.
According to Mr. La Thai Hai - Director of Viet Hai High-Tech Components Manufacturing Co., Ltd.: "Boldly investing in high technology requires large capital sources, in which bank credit is an indispensable 'support'. When facing difficulties due to economic recession, epidemics, natural disasters..., we always receive timely support from banks with policies to reduce loan interest rates, extend debt, restructure debt, keep the same debt group... Thanks to that, the company can maintain and expand its market share as it is today."
Not only supporting domestic production investment, credit capital also helps SMEs in Ha Tinh step by step reach out to international markets. Currently, many enterprises in the fields of pharmaceuticals, garments, seafood, packaging... have brought their products to more than 20 countries. The financial infrastructure in the province has also been strengthened with 57 credit institutions and hundreds of transaction offices, ready to meet the demand for loans and international payment services.
One of the prominent local banks with strengths in lending to businesses, Vietcombank Ha Tinh is implementing a credit package of up to 30,000 billion VND with competitive lending interest rates starting from only 4.6%/year. This "bank" is actively supporting SMEs to expand production, upgrade factories, and innovate equipment...
Mr. Duong Quoc Khanh - Deputy Director of Vietcombank Ha Tinh said: "We are providing capital to many SMEs in the area in diverse fields, including supporting industry projects in Vung Ang Economic Zone - where an important logistics chain of the province is being formed. Currently, the total outstanding debt of enterprises at the branch has reached nearly 9,500 billion VND, accounting for more than 50% of the total outstanding debt. This shows the close connection between the bank and enterprises in local economic development."
The entire Ha Tinh banking sector currently has a total outstanding loan balance for the enterprise sector of more than VND33,690 billion. To access credit more easily in the context of integration, SMEs need to proactively improve their financial capacity, build a transparent credit history and have a clear business strategy. Then, even though they are small in scale, enterprises can still attract capital from credit institutions if they demonstrate growth potential and effective management.
At the same time, to create more development momentum for SMEs, state management agencies need to continue to improve the legal framework, build a transparent, stable and open business environment. Updating information on markets, technology, price fluctuations and financial and credit policies also needs to be implemented quickly and accurately, helping businesses promptly adjust their production and product consumption strategies. In addition, trade promotion programs, brand promotion and support for market access costs are also important factors to promote SMEs to go further.
According to the leader of the State Bank of Region 8, in the coming time, the system of credit institutions in the area will continue to provide preferential capital packages for the SME sector; at the same time, diversify financial products and services, and provide market forecasts to support businesses in making strategic and correct decisions. The banking industry is committed to long-term companionship, sharing difficulties and designing appropriate financial solutions, helping SME businesses develop more stably and sustainably in the digital economy era.
Source: https://baohatinh.vn/rong-mo-nguon-von-cho-doanh-nghiep-vua-va-nho-post296672.html
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