Vietinbank actively implements Resolution 68, promoting private economic development

(Chinhphu.vn) - As one of the leading commercial banks in the country, the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) always clearly defines its role in implementing the directions and policies of the Party and State, including Resolution 68.

Deputy General Director of Vietnam Joint Stock Commercial Bank for Industry and Trade ( VietinBank ) Nguyen Bao Thanh Van at the seminar "Promoting the role of commercial banks in implementing Resolution 68" organized by the Government Portal - Photo: VGP

Sharing at the seminar "Promoting the role of commercial banks in implementing Resolution 68" recently organized by the Government Portal, Ms. Nguyen Bao Thanh Van, Deputy General Director of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) said that VietinBank welcomed Resolution 68 with a positive spirit and great expectations.

"This is a long-term visionary policy to promote socio -economic recovery and development. The resolution has contributed to removing institutional obstacles, improving the business environment and creating favorable conditions for businesses - especially the private sector and small and medium enterprises (SMEs)," Ms. Van assessed.

The support solutions proposed in Resolution 68 contribute to promoting the production and business activities of enterprises in a more positive direction, thereby increasing the demand for credit in a "healthy" way. When enterprises are healthy, have a good financial foundation and operate stably, credit institutions will also have more favorable conditions in providing capital - both safe and effective.

In addition, the Resolution is also a bridge to help ensure trust and cooperation between businesses and banks, creating a symbiotic relationship for sustainable development together.

According to Ms. Van, the goal of having 2 million active businesses nationwide by 2030 set by the Government is a national startup wave that VietinBank is always ready to support and accompany, thereby expanding its customer portfolio and developing credit in a healthy and sustainable manner. Specifically, VietinBank has put forward a specific action plan.

Firstly, the Bank strengthens internal communication and trains the RM team (Relationship Management Specialist) to help customers understand the State's policies and the characteristics of each customer group, especially individual businesses in the process of transforming into enterprises.

Second, VietinBank builds specialized credit packages for private enterprises and SME customers, with preferential interest rates from 5%/year - lower than the average 12-month deposit interest rate (currently at 5.2 - 5.3%). Loan packages are designed specifically for each industry and business goal to ensure the highest suitability and efficiency.

In addition to supporting financial solutions, VietinBank also provides customers with non-financial solutions to build a close, symbiotic relationship between banks and businesses. Specifically, the Bank coordinates with tax authorities to organize seminars and training courses to help businesses - especially private businesses - understand correctly and fully about tax policies.

In addition, the Bank also accompanies businesses in applying technology, improving management capacity and accessing the market.

Currently, VietinBank has used AI to analyze and appraise based on cash flow data and based on the customer's value chain. VietinBank also integrates data between banks, taxes and management agencies to collect customer information quickly and accurately to make early appraisal decisions for customers.

The bank applies digital technology platforms to deploy credit products and services such as online disbursement, helping customers save time. VietinBank also cooperates with software companies such as MISA, KiotViet... to provide accounting and sales software for newly converted businesses, helping businesses improve their financial and cash flow management capacity, increasing competitiveness.

VietinBank shapes its development strategy to become a dynamic, understanding and customer-oriented bank.

Ms. Nguyen Bao Thanh Van said that VietinBank is shaping its development strategy to become a dynamic bank that understands and acts for customers. This is not just a slogan but a consistent goal throughout the entire development process of the bank.

To realize this goal, our Bank implements many specific and synchronous solutions.

Responding to the consistent guiding spirit of Resolution 68, which is to focus strongly on the private enterprise sector and small and micro enterprises (SMEs), VietinBank prioritizes allocating the best resources to accompany businesses on their development journey.

In addition, VietinBank also provides consulting and support to small businesses - a group of customers who have difficulty accessing banking services and are unfamiliar with regulations on taxes, accounting or financial transparency - to improve their financial capacity and financial reporting to increase their chances of accessing preferential and higher-quality capital sources.

VietinBank also works directly with customers through the RM team at branches; organizes many business connection seminars in regions across the country, and at the same time increases communication on mass media so that any business in need can easily access VietinBank's information and services.

"We believe that if the entire banking system works together, complies with unified guidelines, promotes innovation, and serves customers proactively and responsibly, it will certainly contribute to promoting the development of the private economic sector - a key driving force for the country's common prosperity," said VietinBank Deputy General Director Nguyen Bao Thanh Van./.

Source: https://baochinhphu.vn/vietinbank-tich-cuc-thuc-hien-nghi-quyet-68-thuc-day-phat-trien-kinh-te-tu-nhan-102250628142754972.htm