Increase symbiotic “health”

Creating leverage for sustainable business development

Connecting banks with businesses is essential to build a symbiotic, equal, and sustainable relationship. Basically, the banking industry has solved the capital problem for many businesses facing difficulties due to the influence of many factors, both internal and external, contributing to enhancing the “health” of symbiosis, promoting production and business development.

The banking sector directly meets and grasps the situation of enterprises in production and business.

Various connection forms

The Bank-Enterprise Connection Program was officially implemented in the province since 2015. With a leading role, the State Bank of Vietnam (SBV) Provincial Branch has resolutely directed commercial banks and credit institutions in the area to promote credit relations between banks and enterprises through the connection program with many diverse and rich forms, suitable to the actual situation. The banking sector not only supports enterprises in completing loan procedures and documents but also advises enterprises on financial plans and project cash flow management.

In the context of the world economy in general, and the Vietnamese economy in particular, which has been experiencing complex fluctuations, risk management has become an increasingly urgent task. In recent times, Vietinbank Phu Tho has always strived to find and provide effective financial solutions. Sharing about this content, Mr. Pham Duc Thuan - Director of Vietinbank Phu Tho emphasized: Vietinbank's viewpoint is not to discriminate against economic sectors, whether large enterprises, small and medium enterprises or cooperatives... all are equal in credit relations. The unit always seeks solutions to accompany customers. Organizing direct dialogues between banks and enterprises is really effective, helping both sides understand, share, and discuss together to clear capital sources, on the one hand helping enterprises fully and promptly meet the conditions set by banks to access capital quickly, on the other hand helping banks be more flexible in the conditions for appraising loans to enterprises.

The NH-DN connection program is implemented according to the commitment schedule of the relevant units. To achieve high results, the connection program is organized in many forms such as customer conferences, dialogues, discussions, exchanges, working, direct exchanges, proactively approaching customers to advise and support businesses in need of loans.

In particular, the organization of bilateral dialogues between banks and enterprises has helped both sides understand each other better, discuss, exchange, find common ground, have support solutions, access capital in a convenient, practical way, suitable to the needs of enterprises as well as well resolve the conditions set by banks. This dialogue method is truly connected, creating development momentum for production and business activities of enterprises in particular, and the economy in general.

The Bank's proactive support of loans with preferential interest rates is the driving force for enterprises to improve their production and business capacity. The interest rates for loans from the Bank are always considered reasonable and suitable for the situation, creating conditions for enterprises in the area to have a stable source of capital for development. For example, Phu Tho Textile Company Limited - an enterprise operating in the textile and garment sector with a revenue of thousands of billions of VND each year, creating jobs for hundreds of workers.

According to the Company's leaders, the business results today cannot be achieved without the effective support of the Bank in providing loans for businesses to have the opportunity to overcome difficulties and develop. From the loan capital committed under the connection program, Phu Tho Textile Company Limited has continuously invested in production lines, improving productivity, quality and product design.

The success of the program is not the contribution of an individual or an organization but the companionship and coordination of the entire political system, clearly demonstrating the role of connecting social resources on the basis of unlocking capital sources, creating conditions for production and business units to access preferential loans.

The Agribank system in the province directly consults on banking policies and services to support businesses in accessing capital conveniently.

Fostering bonding relationships

Through the connection program, many customers have accessed credit sources with reasonable interest rates, reducing capital difficulties. On the contrary, the connection activity helps commercial banks increase credit growth. This is truly an effective solution, fundamentally changing the relationship between banks and enterprises, enhancing the initiative and responsibility of both sides, actively working together to remove capital "bottlenecks", promoting growth, and pushing back black credit.

Recently, at the conference connecting banks and enterprises organized by Agribank Phu Tho Branch, the Branch's leaders said that they will closely follow the direction of superiors to adjust and continue to implement credit packages and programs for business customers operating in priority areas; promote lending to agriculture, rural areas, production, processing... with interest rate policies and loan terms suitable to the production cycle and characteristics of each industry. At the same time, they will try to grant the maximum credit limit and reduce interest rates as low as possible so that businesses can feel secure in production, business, and project investment, contributing to promoting the socio-economic development of the province.

The results that the banking sector has achieved in recent times are associated with the good implementation of the connection program, the responsibility of the sector in implementing the mechanisms and policies of the State Bank, the effective coordination of departments, branches, sectors and People's Committees of districts, cities and towns, the efforts of enterprises, the trust of people and enterprises, creating results, best completing the task of supporting enterprises, promoting economic growth, improving the investment and business environment, creating a spreading effect, bearing the mark of an action program, accompanying enterprises.

Mr. Pham Truong Giang - Director of the State Bank of Vietnam Provincial Branch affirmed: In the coming time, the banking industry will continue to have more positive solutions through connection programs to support businesses more, especially supporting small and medium enterprises and startups - one of the current priority goals of the Government.

Accordingly, the State Bank of Vietnam’s provincial branches directed and requested banks and credit institutions to strengthen the connection between banks and enterprises in clusters and regions effectively and widely; regularly organize programs connecting banks and enterprises in the area in appropriate forms to have direct dialogue between banks and customers, grasp difficulties and problems related to accessing loans to promptly handle and resolve, especially due to the impact of the epidemic and the recent storm No. 3 (Yagi).

On the other hand, proactively coordinate with relevant departments, branches, sectors and associations to further grasp the situation of enterprises' access to loans; do not let enterprises with effective business plans, fully complying with legal regulations but not be able to access loans.

For banks, proactively inform customers of the State's and industry's support mechanisms and policies; regularly advise and support businesses, thereby expanding access to credit capital for businesses and people. Continue to research and develop a variety of suitable credit products; provide credit to production and business sectors, priority sectors, and growth drivers according to the Government's policies; coordinate with local Party committees, authorities, and socio-political organizations to carry out information, propaganda, and dissemination of credit policies to organizations and individuals in the area.

Phuong Thao - Nguyen Hue

Source: https://baophutho.vn/ky-ii-tang-suc-khoe-cong-sinh-219988.htm