Ho Chi Minh City plans to disburse another credit package worth127,333 billion VND (583.6 million USD) this year to providepreferential loans for local enterprises.
The credit package is part of the “Connecting banks and businesses” programme, which was launched in 2012.
To Duy Lam, Director of the Ho Chi Minh City Branch of the State Bankof Vietnam , told a conference held on July 24 to review theinitiative that the programme provided low-interest loans for around6,300 customers over the past three years, with a total capital of145,111 billion VND (66.5 million USD).
Meanwhile,Nguyen Thi Hong, Vice Chairwoman of the Ho Chi Minh City People’sCommittee, held that the programme has contributed to maintaining andrecovering production and business activities in the locality whilesupporting the market and promoting the city’s economic growth.
It has also helped settle businesses’ difficulties related to capital,credit and interest, supporting them in improving their financialcapacity and competitiveness, she added.
In thesecond half of this year, the programme will focus on monitoring andinspecting credit package disbursement and ensuring commercial banks’smooth disbursement of registered credits.
From2016-2020, a number of activities will be organised to supportenterprises and remove obstacles through improved policies and a morefavourable competition environment.-VNA
The credit package is part of the “Connecting banks and businesses” programme, which was launched in 2012.
To Duy Lam, Director of the Ho Chi Minh City Branch of the State Bankof Vietnam , told a conference held on July 24 to review theinitiative that the programme provided low-interest loans for around6,300 customers over the past three years, with a total capital of145,111 billion VND (66.5 million USD).
Meanwhile,Nguyen Thi Hong, Vice Chairwoman of the Ho Chi Minh City People’sCommittee, held that the programme has contributed to maintaining andrecovering production and business activities in the locality whilesupporting the market and promoting the city’s economic growth.
It has also helped settle businesses’ difficulties related to capital,credit and interest, supporting them in improving their financialcapacity and competitiveness, she added.
In thesecond half of this year, the programme will focus on monitoring andinspecting credit package disbursement and ensuring commercial banks’smooth disbursement of registered credits.
From2016-2020, a number of activities will be organised to supportenterprises and remove obstacles through improved policies and a morefavourable competition environment.-VNA
