Actively accompanying the flow of capital into the private economic sector

(Baohatinh.vn) - Implementing Resolution 68-NQ/TW on private economic development, banks in Ha Tinh are "pouring capital" for the business community to implement projects and production and business plans.

Resolution 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development (referred to as Resolution 68) was issued with a consistent guiding viewpoint: in a socialist-oriented market economy, the private economy is the most important driving force of the national economy; developing a fast, sustainable, effective, and high-quality private economy is both a central and urgent task and a long-term strategic one.

Enterprises in the whole province have transformed themselves, participating deeply in the domestic and export markets.

Implementing Resolution 68, the State Bank of Vietnam (SBV) has directed commercial banks to continue to play an important role in promoting the private economy , especially in providing capital and financial support for small and medium enterprises and innovative startups. Resolution 68 encourages banks to become strategic partners of enterprises, creating conditions for enterprises to access capital, digital transformation and sustainable development.

Identifying accompanying the private economy as one of the important goals, BIDV Ha Tinh commits to supporting the development of the private economy through many diverse programs and products and services, contributing to the growth and sustainable development of this sector.

Ha Tinh currently has more than 6,800 operating enterprises, of which about 97% are private enterprises. Ha Tinh enterprises have transformed themselves, participating deeply in the domestic and export markets. A series of export enterprises of the province with products such as steel, packaging, textiles, fibers, seafood, tea... have received capital from the banking sector to realize their production and business strategies with capital for infrastructure investment and working capital.

BIDV Ha Tinh's outstanding debt currently reaches over 8,500 billion VND.

Mr. Tran Phu Vinh - Head of Planning and Finance Department (BIDV Ha Tinh) said: BIDV provides preferential loan packages, financial consulting and financial solutions suitable for the needs of private enterprises, from small and medium enterprises to large enterprises. At the same time, BIDV develops many products and services specifically for the private economic sector, including international payments, guarantees and e-banking services; deploys special support programs such as stimulus programs, funding programs for start-up projects and programs accompanying businesses in important economic events. BIDV not only provides financial support but also focuses on improving the competitiveness of private enterprises, through consulting and business connection programs. BIDV Ha Tinh's outstanding loans currently reach over VND 8,500 billion, up 10% compared to the beginning of the year, of which private economic loans account for more than 90% of total outstanding loans.

In addition to investment projects in production infrastructure, concrete - precast component factories, investment in logistics infrastructure chains..., BIDV Ha Tinh also creates conditions for providing capital for enterprises to participate in energy investment, thereby demonstrating the capacity of Ha Tinh private enterprises in new and potential fields.

Vu Quang Hydropower Joint Stock Company received a loan from BIDV Ha Tinh to invest in the Vu Quang Hydropower Plant project.

According to Mr. Dong Van Truong - Deputy General Director of Vu Quang Hydropower Joint Stock Company: Vu Quang Hydropower Plant Project will be implemented from January 2024 with a capacity of 4.8 MWp, a total investment of 176 billion VND, invested by Vu Quang Hydropower Joint Stock Company. To implement the project, the company received a loan from BIDV Ha Tinh with preferential interest rates, creating resources to implement the project. Vu Quang Hydropower Plant is expected to be put into commercial operation in the third quarter of 2025, supplying about 12.52 million kWh/year to the national power system, contributing to promoting Ha Tinh's economic growth.

In addition to lending to production and business projects, the banking sector also provides special support to businesses investing in the fields of education, healthcare, and tourism by opening private schools, private hospitals, restaurants, hotels, etc., thereby improving the quality of education, healthcare, and developing the tourism industry in Ha Tinh.

Ky Anh Urban Environment Joint Stock Company is implementing the project to build Green Star Kindergarten - Nguyen Trong Binh High School in Song Tri Ward. With the goal of contributing to the development of the education sector, the project is being lent tens of billions of VND by Agribank Ky Anh (under Agribank Ha Tinh II), creating favorable conditions for investors to implement the project as planned.

Along with the "big guys" (BIDV, Agribank, VietinBank, Vietcombank), the non-state-owned joint stock commercial banks also accompany the private economic sector by implementing long-term preferential interest rate credit packages, providing software to support business management, and exempting all types of banking transaction fees...

Mr. Nguyen Viet Cuong - Deputy Director of Bac A Bank Ha Tinh said: Accompanying the development of the private economic sector, Bac A Bank applies many preferential credit packages based on flexible interest rates in each stage. Bac A Bank always prioritizes loans for small and medium enterprises, FDI enterprises, and enterprises investing in green and sustainable growth. In addition, the branch serves a large number of construction enterprises with priority loan solutions and participates in credit guarantees when implementing large-scale projects.

Bac A Bank Ha Tinh participates in credit guarantee for many construction enterprises in the area.

It is estimated that by July 31, 2025, the outstanding debt of the Ha Tinh banking sector will reach about VND 121,020 billion, an increase of 11.1% compared to the beginning of the year. The State Bank of Vietnam Region 8 will continue to direct credit institutions in the area to reduce costs, reduce lending interest rates; increase access to capital for private enterprises, production and business households, and continue to implement banking activities towards green growth.

Resolution 68 emphasizes the promotion and diversification of capital sources for the private economy. In addition to reviewing and perfecting credit mechanisms and policies for the private economy, encouraging financial and credit institutions to lend based on the assessment of production and business methods, plans to expand output markets, lending based on data, cash flow, etc.; the resolution also sets out the task of reviewing the legal framework, perfecting the model of credit guarantee funds for small and medium-sized enterprises at both central and local levels; perfecting the legal framework and operating mechanism of the Small and Medium Enterprise Development Fund; diversifying capital sources from the state budget, contributions from domestic and international enterprises, organizations and individuals, etc. When these solutions are realized, the private business community of Ha Tinh expects to "liberate" credit capital sources for investment and development.

Source: https://baohatinh.vn/tich-cuc-dong-hanh-dua-dong-von-do-bo-vao-khu-vuc-kinh-te-tu-nhan-post292131.html