According to the State Bank of Vietnam - Dong Nai branch, as of the end of April 2020, the outstanding loan for small and medium enterprises in the province is estimated at nearly 45 trillion dong, an increase of more than 2% compared to the end of 2019 and accounts for about 20% of the total outstanding loans of credit institutions in the province.
The banking industry is implementing
many supportive measures for small and medium businesses affected by COVID-19
epidemic. In the photo: Customer is trading at ABBank - Dong Nai branch
Lending to small and medium-sized enterprises is one of the areas of lending with preferential interest rates in addition to rural agriculture loans, exports, supporting industries, high-tech enterprises, etc., according to Circular No. 39/2016/TT-NHNN of the State Bank of Vietnam.
The representative of the State Bank of Vietnam - Dong Nai branch said that in
recent years, this unit has instructed credit institutions to have appropriate
plans, programs, credit support packages, and interest rates for Lending to
small and medium enterprises in the province. Especially recently, the State
Bank of Vietnam - Dong Nai branch regularly contacted credit institutions in
the province to closely monitor the situation, to guide and suggest these units
to quickly take measures to promptly support the damaged customers to help
people and businesses overcome difficulties. In the coming time, the State Bank
of Vietnam - Dong Nai branch will continue to monitor and grasp the situation,
direct credit institutions in the province to review, evaluate and classify
customers currently having credit relations; Along with that, creating
favorable conditions for businesses to access capital, reduce costs to obtain
appropriate lending interest rates, continue to exempt and reduce lending
interest rates, adjust loan terms, extend loan terms, solve difficulties in
credit relations between banks and customers, especially in the case of
businesses and individuals who affected by Covid-19 epidemic.
According to many commercial banks in the province, in order to borrow loans with preferential interest rates, small and medium enterprises need to ensure the conditions for evaluation of financial statements, business activities, and full tax reporting; as well as a number of separate criteria for expanding, maintaining or limiting lending to the bank's manufacturing sector, etc.
By Phan Anh
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