Mr. Kim Byoungho, Chairman of the Board of Directors of HDBank, formerly Chairman and CEO of large and well-known banks and financial institutions in Korea and the region
On the afternoon of September 21, at the Government Headquarters, the Prime Minister chaired a meeting of the Government with the Joint Stock Commercial Banks on solutions to contribute to the socio-economic development of the country.
Speaking at the conference, Mr. Kim Byoungho, Chairman of the Board of Directors of HDBank, expressed his deep gratitude to the Government, the Prime Minister, and the leaders of ministries, branches, and the SBV for their attention and support.
According to Mr. Kim Byoungho, thanks to the Government and the Prime Minister’s assertive, strong, creative, and effective governance, the Vietnamese economy continues to grow strongly and sustainably in a challenging context.
Closely following and fully implementing the directions of the Government and the SBV, up to now, HDBank has recorded a credit growth of over 15% compared to the beginning of the year, with outstanding loans exceeding VND 390 trillion. The bank’s individual bad debt ratio is low at only 1.74%. At the same time, HDBank actively and proactively participates in the restructuring of the commercial banking system.
According to Chairman Kim Byoungho, to support customers affected by storms and floods, HDBank plans to offer a preferential credit package of VND 10,000 billion with an interest rate lower than usual by 1-2%. The bank will also reduce the interest rate by 1% for existing loans of customers for production and business. For new production and business loans, the interest rate will be reduced by 2% in the first three months compared to the current interest rate or 0% for the first month.
In addition, HDBank’s officers and employees and its subsidiaries and affiliated companies will donate one day’s salary, totaling VND 30 billion, to support people affected by storms and floods.
In parallel, HDBank has registered to disburse VND 7,000 billion for forestry, aquatic products, and social housing programs. By 2030, HDBank is expected to disburse VND 100,000 billion for social housing projects, aiming to finance the construction of 200,000 new houses.
Following the Prime Minister’s directions on removing difficulties and obstacles in mechanisms and policies to mobilize resources for development, the leader of HDBank proposed some suggestions.
First, regarding credit growth, HDBank proposed that the SBV, based on the balance of management objectives, continue to review the situation in the fourth quarter and consider assigning additional targets to credit institutions with good capital supply capacity.
HDBank also proposed to re-implement the consumer credit programs to support the lives of workers in industrial parks and export processing zones, similar to the VND 20,000 billion package implemented in 2023, to support people and businesses in the high season. end of the year. Besides, there is a room for credit to serve social housing programs, agriculture and rural areas, and support people to recover from storms and floods.
Second, HDBank hopes to continue promoting the removal of difficulties and obstacles in legal and administrative procedures to help businesses expand production and business. Information shows that many businesses are facing legal difficulties and approval procedures rather than capital access capacity after lending interest rates have dropped deeply, and credit approval has been streamlined.
Third, as the bad debt ratio in the system is still high, to support people and businesses affected by storms and floods, the conference should consider extending the effectiveness of Circular No. 06 on the classification of debt groups beyond December 31, 2024, with more specific guidance on debt rescheduling, postponement, and repayment time limits.
“Although there are still many challenges ahead, we believe that the Vietnamese economy will continue to grow strongly and sustainably thanks to the close direction and practical solutions of the Government, ministries, branches, and the SBV,” said the Chairman of HDBank.
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