Illustrative image (Source: VNA)Hanoi (VNA) - The State Bank of Vietnam has asked its branches and creditinstitutions nationwide to report quarterly their lending to small-andmedium-sized enterprises (SMEs).
UnderDocument No 62/NHNN-TD issued last week, the branches and institutions areinstructed to report to the central bank their lending to SMEs as well as SMEs’business performance and supporting policies offered to SMEs in their citiesand provinces.
Besidesreporting achievements and difficulties in implementing the lending, thebranches and institutions must also propose policies to increase lending toSMEs.
Accordingto the central bank, the move was aimed at helping the central bank catch upwith the lending situation to SMEs in a timely manner, which is expected toeffectively remove difficulties related to lending to firms, assisting them inaccessing bank loans for better business and production.
Thebranches and institutions must also closely work with relevant municipal andprovincial agencies to remove hindrances in implementing policies to supportSMEs related to the banking industry.-VNA
