“Low-Interest Loans for Businesses: Stabilizing the Market and Supporting the Community”
As of late 2024, the total loan disbursement under this program reached VND 13,521 billion, benefiting 37 businesses, including 15 engaged in market stabilization and 22 in the supply chain. This initiative has been a win-win for both the businesses and the community.
The low-interest loans, with short-term rates averaging around 4.3% and long-term rates at 7.9%, have enabled businesses to maintain or reduce product prices, making essential goods more accessible to low-income earners and ensuring social welfare.
The quick turnover of short-term loans, accounting for 99.6% of the total loan balance, has also contributed to the program’s efficiency. By utilizing non-cash payment methods, businesses can further enhance the program’s effectiveness and benefit from reduced transaction costs.
Mr. Lenh highlighted the program’s impact on meeting the essential needs of the community, especially during the festive season, while also contributing to macroeconomic stability by curbing inflation.
The initiative has fostered economic and social development in Ho Chi Minh City, with active participation from financial institutions and businesses alike. By effectively utilizing resources and embracing non-cash transactions, the program has created a positive cycle that benefits both enterprises and consumers.
Hàn Đông
– 10:03 15/01/2025
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