Actively support credit for people and businesses

To promote credit and create momentum for economic development, local credit institutions have had many loan programs and preferential interest rates to support people and businesses.

Customers transact at Agribank Hau Giang branch.

Currently, the short-term lending interest rate in Vietnamese Dong for priority sectors is 4.0%/year and for other sectors, the short-term lending interest rate is commonly from 6.5-10%/year, the medium and long-term lending interest rate is commonly from 8.5-13%.

Up to now, some key credit programs, loans for purchasing rice for export and consumption, have outstanding loans of VND 3,344 billion, an increase of 18.25% compared to the end of 2023. Loans for aquaculture and seafood processing have outstanding loans of VND 4,292 billion, an increase of 11.97% compared to the end of 2023. Policy credit programs have outstanding loans of VND 4,322 billion, an increase of 5.88% compared to the end of 2023. Loans for agricultural and rural development in the area have outstanding loans of VND 25,795 billion, an increase of 6.54% compared to the end of 2023. Loans for the collective economic sector have outstanding loans of VND 363 billion, an increase of 13.44% compared to the end of 2023.

Accordingly, loans for new rural construction in the whole area have outstanding loans of VND 17,305 billion, an increase of 3.92% compared to the end of 2023. The program connecting banks and businesses has loan turnover of VND 8,041 billion, an increase of 16.74% compared to the end of 2023, with 773 businesses accessing capital.

Other lending programs with outstanding debt include interest rate support loans to reduce post-harvest losses for agricultural and aquatic products under Decision No. 68/QD-TTg with outstanding debt of VND 4.35 billion. Housing support loans under Resolution No. 02/NQ-CP with outstanding debt of over VND 13 billion. The lending program to implement social housing policies under Circular No. 25/2015/TT-NHNN has outstanding debt of VND 228 billion.

In the first 6 months of this year, credit institutions have had programs for customers to promote production, business and consumption development. Mr. Le Viet Quyen, Director of the Bank for Agriculture and Rural Development (Agribank) Hau Giang branch, said: Compared to the beginning of the year, outstanding loans increased by VND 560 billion, bringing the total outstanding loans that Agribank has implemented to date to VND 14,000 billion. To fulfill its commitment to accompany and develop small and medium enterprises in production and business activities, Agribank is implementing a preferential loan program for small and medium enterprise customers, with a scale of VND 10,000 billion. The program prioritizes lending to the fields of production, processing, and trading of agricultural, forestry, aquatic products, salt production, high-tech agriculture, and clean agriculture. With interest rates reduced by 1.3-1.5% and the implementation period until the end of December 2024.

According to Mr. Nguyen Hong Chuc, Deputy Director of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) Hau Giang branch, from now until December 31, 2024, Sacombank will implement the program "Reaching preferential levels - Striding for success". Accordingly, the entire business service ecosystem will be free of charge and hundreds of valuable gifts such as iPad Pro, SBJ gold, and high-class business leather briefcases will be given to business customers.

For new corporate customers and corporate customers who return to transact during the program, Sacombank will waive the Business - Plus account service package for 6 consecutive months, including account management fees, online tax payment fees; internal/external transfer fees; salary payment fees, international money transfer fees via eBanking and many other fees. In addition, customers with a non-term deposit balance in their payment account will have the opportunity to receive attractive gifts. For new corporate customers or customers who are temporarily suspending payroll services, Sacombank will waive the salary payment fee for 3 consecutive years for businesses along with a series of incentives for business owners and employees receiving salaries. The first year's annual fee is waived for all corporate customers who open new corporate cards, and the selection of a beautiful account number is also free when customers open a payment account.

In parallel, to stimulate customers to make international card transactions, Sacombank also has a Say Hi card program that refunds 600,000 VND immediately. This program is implemented from May 24, 2024 to July 31, 2024. Accordingly, refunds will be given to Sacombank JCB international personal credit cardholders who meet the conditions during the promotion period. Refund 600,000 VND when successfully activating the card and generating payment and shopping transactions with a total turnover of 2,000,000 VND (cumulative of direct and online payment transactions).

According to the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) Hau Giang branch, to celebrate the 8,000th customer using the guarantee service, Vietinbank has launched the gratitude program "Super fast guarantee, welcome fortune" with a total value of 2 billion VND. During the program, from July 8, 2024 to December 25, 2024, businesses using Vietinbank's guarantee service with the largest total value of guarantee issuance will receive large gifts of up to 300 million VND. The guarantee products eligible for the reward include all guarantee products provided by Vietinbank, except for loan guarantees, deposit refund guarantees and counter-guarantees. Not only focusing on developing product and service quality, Vietinbank continuously implements fee incentive programs such as the ladder guarantee fee reduction program of up to 40% and the all-inclusive guarantee subscription package that allows businesses to issue unlimited guarantees within the package's guarantee limit along with other incentives.

In addition, Vietinbank offers attractive interest rates for customers borrowing for consumption and production and business. From now until July 15, 2024, for customers with priority experience in Platinum, Diamond categories and customers buying insurance, customers receiving salary through Vietinbank participating in the "Preferential loan - Bright future" program will receive a 0.2%/year interest rate reduction. Specifically, for short-term loans, the interest rate is only from 5.0%/year. For medium-term and long-term loans, the interest rate is only from 5.6%/year. With a credit scale of up to 400,000 billion VND.

Up to now, outstanding loans of credit institutions in the province have reached 43,200 billion VND, an increase of 7.98% compared to the end of 2023. Of which, outstanding short-term loans are 23,081 billion VND, accounting for 53.98% of total outstanding loans; outstanding medium and long-term loans are 19,676 billion VND, accounting for 46.02% of total outstanding loans. Total mobilized capital in the whole area reached 23,500 billion VND, an increase of 3.41% compared to the end of 2023, still mobilizing to meet 54.91% for credit activities.

T.XOAN

Source: https://www.baohaugiang.com.vn/tai-chinh/tich-cuc-ho-tro-tin-dung-cho-nguoi-dan-va-doanh-nghiep-133971.html