Access to preferential loans supports businesses in their investment, production, and trading endeavors. Photo: TL
As of now, the program has signed off on nearly VND 350,000 billion in loans, marking a 6.35% increase compared to the same period last year. Specifically, the preferential credit package has disbursed 66.1% of its scale, with 76,664 customers accessing loans at suitable interest rates.
“This positive outcome is a testament to the collaborative efforts between commercial banks and enterprises in addressing challenges and boosting production and business activities,” emphasized Mr. Lengh.
Since the beginning of the year, 18 banks have registered to participate in the preferential credit package, committing over VND 517,000 billion in total. The focus is on supporting priority sectors, including small and medium-sized enterprises, exports, ancillary industries, agriculture and rural areas, and high-tech enterprises.
Beyond being an effective capital channel, the program has also evolved its organizational approach to align with new management models. The shift from coordination at the district level to connections through industry associations, business associations, and local departments enhances proactiveness and fits the reality of implementation, according to Mr. Nguyen Duc Lengh.
Enterprises yearn for easier access to investment capital. Photo: S.X
Following the orientation of the State Bank and the requirements of Ho Chi Minh City’s socio-economic development, the program will continue to be extensively implemented in the coming time in Ho Chi Minh City, Dong Nai, and neighboring localities.
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